Yes, you are reporting your employment and shared business properly this year. Note that filing two Schedules C tells the IRS you are electing to be treated as a Qualified Joint Venture. For more information, see IRS Election for Husband and Wife Unincorporated Businesses.
If you create an LLC next year, you will need to file a business return for that entity, available using TurboTax Business. The business return will include a Schedule K-1 for each partner to be reported on your individual tax return.
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