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Can TurboTax be used to file for our LLC sole proprietorship where my husband and I are "joint tenants by the entirety" (treated as one person/ NOT a partnership)?
Our LLC Operating Agreement states that husband & wife are the only members (also the only Managers) as Joint Tenants by the entirety. (This means we are treated as one person.) When I create a Schedule C on Home & Biz, it only allows me to select one name for whom the Schedule C is for; it will not let me select both of us. When I called a TurboTax Advisor, he suggested we split all assets, income, expenses etc. 50-50 to create two Schedule C's on Home & Business TT. My lawyer said that didn't sound right, but he also didn't offer the correct method.
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‎June 4, 2019
3:48 PM