She has two sources of income - her main job which has substantial earnings on her W2 wages (and taxes). Second, she started and LLC in 2019. In year 1, we installed about $30,000 of capital into the LLC. It's a renovation/handy man business with my son (wife 80%, son 20%). So TurboTax limits the deduction/depreciation of the LLC to the net income of the LLC. Year 1, with depreciation, it'd a loss. Her main job is with a big company. The LLC is a renovation/handy man business. I'm not as concerned about turbo tax 100% guarantee. It's legal to all sources of income on her personal income tax return - her main job W2 wages and her schedule K from the LLC? Does this help?
