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Get your taxes done using TurboTax
Being in a community property state, for federal tax purposes you have the option to treat the LLC as either a partnership that files Form 1065 and issues a Schedule K-1 to each spouse or as a disregarded entity with each spouse filing Schedule C. (If you were not in a community property state the LLC would have to be treated as a partnership.)
‎August 23, 2023
12:08 PM