Retirement tax questions

I also think that, if you get separate K-1s you can still file jointly, you just can't file separately if you have joint K-1s.  In other words, if you are 50% owners of a company, you could get one K-1 for 50% ownership, or two K1-s for 25% each.  You could still file a joint return reporting both of the 25% K-1s.