I own a single-member LLC, and I am the sole member. I file one tax return that includes my business revenue, any other personal income and my wife's income. When I am applying for a loan and the question of "household income" comes up, what should I report? I assume I should be using the total of my business revenues, personal income and wife's income. Am I correct? I don't formally pay myself a salary, though of course I do take money out of the business for personal use.
