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January 28, 2025
Question

Should i apply 51% of the income in an LLC with my husband if our split is 51%/49%?

  • January 28, 2025
  • 1 reply
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We file married jointly in community property state.

    1 reply

    January 28, 2025

    If you live in a community property state (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, Wisconsin), your husband-wife LLC is a disregarded entity for tax purposes and you can file a Schedule C for your LLC on your personal joint tax return. There is no need to split the income.

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