Hello Tax experts
I am looking to verify that I am filling my taxes correctly. I have two questions
I am married filling jointly. We have done this for 28 years.
Some years ago my husband retired and we started an online business.
I kept my job,
So I have a w2 and we both are partners in the business.
I added the w2 and I am adding two Self-employment income and expenses forms. One for each splitting everything 50% 50%
Is this correct?
Next Dec we plan to open an LLC partnership and continue to split the business 50% 50%.
Will we be able to do the same under the same Turbotax Premium Account if we have an LLC?
Or will we have to file business taxes separately and get K1's
