It depends on where you live.
If you live in a community property state (AZ, CA, ID, LA, NV, NM, TX, WA, & WI), you may each file Schedule C on your joint return to report your respective shares of the business losses. In this case, you may use TurboTax Online Self-Employed or TurboTax Home & Business CD/Download.
However, if you do not live in a community property state, the LLC must file a separate business return (Form 1065 Partnership, available in TurboTax Business). You would then include the information from two Schedules K-1 on your joint return.
Read the full text at Election for Married Couples Unincorporated Businesses for options available to you.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
