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my wife became a partner in a nail salon do i need to file her gain and loss and all the detail ?
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If your wife is a partner, whoever prepares the Form 1065 tax return for the partnership should give your wife a Schedule K-1 showing her share of the partnership's income and expenses. You will enter the information from the Schedule K-1 in your joint tax return, or in your wife's tax return if she is filing separately. Here's how to enter the Schedule K-1 in TurboTax Home & Business.
If your wife is a partner, whoever prepares the Form 1065 tax return for the partnership should give your wife a Schedule K-1 showing her share of the partnership's income and expenses. You will enter the information from the Schedule K-1 in your joint tax return, or in your wife's tax return if she is filing separately. Here's how to enter the Schedule K-1 in TurboTax Home & Business.
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