TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Married couple with TWO separate LLCs, How should we file?

Forum|Forum|2 years ago
November 21, 2023
2 replies
0 views

We both own two separate LLC’s with separate EIN numbers. Do we file jointly or separate?

Employee

Even when you have two separate LLC's it is almost always best from a tax standpoint to file as Married Filing Jointly.

See this TurboTax support FAQ for filing jointly versus separately - https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/better-married-couple-file-jointly-separately/L338QHg8G_US_en_US?uid=lp8wgxpa

Employee

When filing jointly, you simply include separate schedule C for each business. Turbotax can handle multiple schedule Cs attached to a single joint 1040. Make sure the correct name and EIN are attached to each schedule C, and that you list the income and expenses to the correct schedule C.