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Business & farm
In a community property state husband and wife members of an LLC can treat the LLC as disregarded and file two schedule Cs but that's optional.....they can also treat the LLC as a partnership and file a 1065. If they elect S corp status for the LLC they still get a K-1 along with a W-2 if they're paid a salary.
‎November 5, 2024
8:16 PM