My wife and I are the only members of an LLC. Our CPA had us filing a Schedule C as a Sole Proprietor. It's my understanding that is acceptable as a disregarded entity. Is that correct?
But TurboTax wants two Schedule Cs for a husband-wife partnership. Note my wife owns 51% of the LLC. Our CPA did one Schedule C with both our names as the proprietor. But then he generated separate Schedule SEs per our percentage ownership. I hope to start doing my own taxes using TT, but it may be too complicated.
