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Business & farm
Thanks Robert. Both she and I are partners (husband / wife), even though it is essentially her business. So my understanding is that we do need to file the 1065 and Schedule K-1's. It's just not clear to me in TurboTax Home and Business if we need to report her income both in the Business income section (which is a stand alone tab / section) AND in the Personal income section where it has Schedule K-1 under the subsection Business Investments and Estate/Trust Income? I suspect we don't, and fear that doing so would double count her business income, but I was hoping someone could verify that.
‎February 2, 2020
6:12 AM