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Business & farm
Thank you KrisD15. We (my wife and I) greatly appreciate you taking the time to help us. We are using TT Home & Business. Yes, we split the Federal into 2 Schedule Cs as you mentioned, and split up the income and costs according to the percent ownership in the LLC (in our case 51% my wife and 49% me). When we moved on to our State return, the program generated 2 Form 568s, one for each Schedule C. I think this happened because we answered that each business (each Schedule C) was an LLC. Is there a work around to bring the info from both Schedule Cs back onto only one Form 568?
‎February 11, 2020
6:00 AM