Get your taxes done using TurboTax

@Anonymous_  - Thanks for the quick response and for that IRS site link. It really cleared my confusion.

 

I have one last question on this topic, during this year, only i participated/worked through LLC and generated income, when we file the taxes jointly, should we both me and wife report self employment income from LLC equally or can i assign full self employment income to myself and 0 for my wife?  

 

Thanks