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LLC with spouse questions - what to claim where
My wife and I have a home business. It is a side gig--my regular FT job is outside the home. In our state, it is considered a single-member LLC, so taxes are filed jointly. Practically speaking, I do all of the work. Should I be splitting everything 50/50 in regard to income, expenses, inventory, etc? On a related note, when it asks if I "share this home office," what would be the correct answer?
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‎September 1, 2023
4:14 PM