My wife is a full time self employed photographer with her own business LLC. I am a part time real estate agent (independent contractor) in addition to having a full time job with W2 income. She has income but many expenses due to first starting up her business last year and will operate at a loss. I just started being a real estate agent and have no income for last year but many startup expenses for licensing and schooling. I also have a full time W2 job that I will pay many taxes to. My question is what is the best way to file for us (currently thinking married filing jointly)? What is the best way for us to claim these deductions for our self employment losses? Will they be able to be taken out of my W2 job taxes?
