https://ttlc.intuit.com/community/business-taxes/discussion/i-am-the-sole-owner-of-a-small-llc-company-and-my-wife-works-for-another-company-as-an-employee-what/01/3407270#M114680 Thu, 12 Feb 2026 04:20:14 GMT 2muchpressure4u 2026-02-12T04:20:14Z https://ttlc.intuit.com/community/business-taxes/discussion/i-am-the-sole-owner-of-a-small-llc-company-and-my-wife-works-for-another-company-as-an-employee-what/01/3407270#M114680 Thu, 12 Feb 2026 04:20:14 GMT https://ttlc.intuit.com/community/business-taxes/discussion/i-am-the-sole-owner-of-a-small-llc-company-and-my-wife-works-for-another-company-as-an-employee-what/01/3407270#M114680 2muchpressure4u 2026-02-12T04:20:14Z https://ttlc.intuit.com/community/business-taxes/discussion/re-i-am-the-sole-owner-of-a-small-llc-company-and-my-wife-works-for-another-company-as-an-employee/01/3407327#M114692 <P>TurboTax completes the forms for you when you report her W-2 and your Schedule C.&nbsp;</P> Tue, 10 Dec 2024 16:52:10 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-i-am-the-sole-owner-of-a-small-llc-company-and-my-wife-works-for-another-company-as-an-employee/01/3407327#M114692 Bsch4477 2024-12-10T16:52:10Z https://ttlc.intuit.com/community/business-taxes/discussion/re-i-am-the-sole-owner-of-a-small-llc-company-and-my-wife-works-for-another-company-as-an-employee/01/3407330#M114693 <P>They both go on your personal 1040 return. &nbsp; If you use the Online version you will need to use Premium to enter your Single Member LLC business. &nbsp;If you buy the Desktop program you can buy any version. &nbsp;All the Desktop programs have the same forms. You just get more help and guidance in the higher versions.&nbsp;<BR /><BR /><BR /></P><P>You file the business on Schedule C unless your Single Member LLC was set up as an S Corp (post back if you are a S corp). &nbsp;It is a disregarded entity and you report it as self employment.</P><P>&nbsp;</P><P class=""><SPAN class="">Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment.&nbsp;&nbsp;You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400 in addition to any regular income tax on the net profit. &nbsp; The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare.&nbsp;&nbsp;So you get social security credit for it when you retire.&nbsp;&nbsp;</SPAN></P><P>&nbsp;</P> Tue, 10 Dec 2024 17:19:24 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-i-am-the-sole-owner-of-a-small-llc-company-and-my-wife-works-for-another-company-as-an-employee/01/3407330#M114693 VolvoGirl 2024-12-10T17:19:24Z