@rwom1217 wrote:
Yes, community property state, LLC with spouses as the only members (partnership).
I do need help with navigating the interview. I don't know what it figures out based on the questions vs what I need to do manually.
For example, it asks about amounts from form 1098. That is a specific number from an official doc. I don't want to split that in half if I am not supposed to and have it look like I was being dishonest (even though it would not be in my favor to do so if I was not supposed to).
You have two separate businesses.
You don't split the 1098. If Turbotax asks, how big is the home office, use half the size for each spouse. For example, a 2000 sq foot house with a 200 sq ft office, tell Turbotax that business A has a 100 sq ft office. Enter the entire interest amount. Turbotax will assign 5% of the interest to the office. Same with all the other office expenses. Then, when you go to business B for the other spouse, again indicate a home office of 100 Sq ft, and enter all the household expenses again. Turbotax will assign 5% of the expenses to office B.
