Hi,
Me and my wife have LLC where we have 50/50 shares. Each of us has Schedule K-1 form with the same amount on box 1. When filing our tax with 'Married Filing Jointly' using TT Deluxe, under Wages & Income, I am adding Schedules K-1. For 'Box 1 - Ordinary Income or Loss' info, do I have to combine my K-1 box amount with my wife's K1 box amount?
Please let me know if you need more details. Thank you.
Thanks in advance,
Mon
