Tax Filing 2023

[Vicleonard]

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?

[SharonD007]

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.