DavidD66
Expert Alumni

Business & farm

As you seem to be aware of, If you and your spouse are both partners, each of you must complete and file your own Schedule SE (Form 1040), Self-Employment Tax, to report your partnership net earnings (loss) from self-employment.  You are both general partners (not necessarily the managing partner).  If you indicate your wife is a limited partner, the software will not treat her share of income as self-employment income and will not generate a Schedule SE.  In the business software you should indicate that your wife is a general partner so it will properly flow through to your personal return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post