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New Member
posted Mar 21, 2024 1:10:18 PM

Tax Filing 2023

Hello,

I am a sole owner of a small business.In 2022 i filed jointly with my spouse as I was unemployed.

I now have a sole Llc and am asking ...Can I file my income generated by the business jointly with my wife again and how do i do it?

 

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1 Replies
Expert Alumni
Mar 21, 2024 2:13:08 PM

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.

 

  1. Open TurboTax
  2. Select Wages & Income
  3. Select Self-Employment Income and Expenses
  4. 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.