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Get your taxes done using TurboTax
If the only members are two spouses and they live in a community property state, then it is not treated as a partnership for federal income tax purposes, it is treated as two separate schedule C businesses, one in the name of each spouse, each listing half the income and half the expenses. This is one of those areas where a professional is very important.
‎November 14, 2022
7:43 AM