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Investors & landlords
You are correct: For most IRS reporting for interest, dividends, K-1 Income, married couples are generally considered as (1) investment unit.
If you are filing jointly it should have no impact on your tax return.
If you are concerned about the names appearing as a joint account on the LLC paperwork, contact the LLC member manager and find out if both names can be included, even though the income will be reported in your social security number.
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March 14, 2020
6:45 PM
1,633 Views