Yes, you can continue to file a joint return with your wife. Because your business is a single-member LLC, your profits and losses are reported on your Schedule C.
Follow the steps below to enter your business and self-employment income.
- Open TurboTax
- Select Wages & Income
- Select Self-Employment Income and Expenses
- TurboTax will guide you through the interview screens to help you enter your business and income.
Refer to the TurboTax articles Where do I enter Schedule C?, How do I report income from self-employment?, and What self-employed expenses can I deduct?
Also, you can review the TurboTax articles LLC Tax Filing Rules and Limited Liability Company Taxes for more information regarding LLCs.
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