Can my wife and I file 2 Schedule C's or a K1? We have a General Partnership and are filing jointly.
It is possible for a couple to share a sole proprietorship as Joint Ventures, (they split the numbers into 2 schedule C's), HOWEVER if your entity is a partnership, the partnership will need to file Tax Form 1065 and issue you and your spouse K-1's.
Can my wife and I file 2 Schedule C's or a K1? We have a General Partnership and are filing jointly.
It is possible for a couple to share a sole proprietorship as Joint Ventures, (they split the numbers into 2 schedule C's), HOWEVER if your entity is a partnership, the partnership will need to file Tax Form 1065 and issue you and your spouse K-1's.
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