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Level 1
June 4, 2019
Solved

Can my wife and I file her none LLC business with our joint married taxes? the business was a total loss

most expenses were paid through my personal creditcard and a joint checking account. 

    Level 13
    June 4, 2019

    Yes.  If she is a sole proprietor or self-employed then you will just enter everything on a Schedule C which will go to your joint 1040.  Since it was a loss, it will be deducted from your other income. 

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    1 reply

    Level 13
    June 4, 2019

    Yes.  If she is a sole proprietor or self-employed then you will just enter everything on a Schedule C which will go to your joint 1040.  Since it was a loss, it will be deducted from your other income. 

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"