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If you have a multi-member LLC (you and your husband) then you will report your business income and expenses on Form 1065. When you are finished with your partnership return - Form 1065, you will have a Form K-1 for each of you. The K-1 reports each partner's share of income and deductions. You will then report both K-1s on your personal tax return (assuming you are filing a joint return). You can think of the K-1 as your "Form W-2" from the partnership since it reports your income. You do not report any personal expenses on your business tax return - the form 1065. All of your personal tax income and deductions are reported on your personal tax return - Form 1040.
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