In Carl's post it stated:
In the community property states of Louisiana. . . if you have a multi-member LLC where there are only two owners, those two owners are legally married to each other, and those two owners will be filing a joint 1040 tax return, they have the option of splitting all business income and expenses down the middle and each partner reporting their share of the business income/expenses on a separate SCH C for each tax filer on the joint return. That means your joint 1040 return will have two SCH C’s included with it – one for each owner.
Isn't that stating I can do two 50/50 schedule C's instead of the 1065? Would that also let me stay in self-employed instead of using Business?
