Neither North Carolina nor Pennsylvania are community property states. The nine states that have community property are; Wisconsin, Washington, Texas, New Mexico, Nevada, Louisiana, Idaho, California, and Arizona.
You will have to file a Form 1065, a partnership return. A partnership doesn't pay tax on its income but "passes through" any profits or losses to its partners on a Schedule K-1. You will need to report your Schedule K-1s in your personal return.
You can file Form 1065 using TurboTax Business. A K-1 can be a complicated form, but TurboTax asks about the data you need to enter. Due dates for Form 1065 are March 15, 2024 (September 16, 2024, with extension) for 2023 calendar-year tax returns.
@johnslic
[Edited 2/18/24 | 11:45AM PST ]
