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February 27, 2020
Question

Husband/wife joint venture in CA

  • February 27, 2020
  • 1 reply
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My husband and I are the only members of our LLC with no employees and we qualify as a joint venture. What forms do I start on first?

1 reply

CatinaT1
February 27, 2020

You would basically split your business income and expenses in half and one half would be reported on a Schedule C for him and the other half on a Schedule C for you.  This way you are both getting credit from Social Security.  

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