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Last year was the first year of my LLC that I am a co-member of with my wife we are 50/50. How can I just file those taxes and not personal with home and business?

we didn't incorporoate until October and have no income to report for 2025. It should be a quick and easy process but I don't see a way to separate these filings from my personal if I want to get these done first.
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5 Replies
Vanessa A
Employee Tax Expert

Last year was the first year of my LLC that I am a co-member of with my wife we are 50/50. How can I just file those taxes and not personal with home and business?

Which state do you live in?  Were you open for operations in 2025, whether or not you made money, were you open and operating?  

 

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Last year was the first year of my LLC that I am a co-member of with my wife we are 50/50. How can I just file those taxes and not personal with home and business?

I live in Colorado.  The business address is Missouri.

Last year was the first year of my LLC that I am a co-member of with my wife we are 50/50. How can I just file those taxes and not personal with home and business?

oh, and yes, we incorporated in October 2025. 

ThomasM125
Employee Tax Expert

Last year was the first year of my LLC that I am a co-member of with my wife we are 50/50. How can I just file those taxes and not personal with home and business?

Since you are registered with the state as an LLC, you will have to prepare a partnership return to report the business income and deductions. You can't do that in the personal TurboTax return product, you will need to use the TurboTax Business product. Per the instructions to Form 1065 (partnership tax return), you only need to file the return in a year you "receive income or incur any expenditures treated as deductions or credits for federal income tax purposes." So, you may not need to file a partnership return in 2025.

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Last year was the first year of my LLC that I am a co-member of with my wife we are 50/50. How can I just file those taxes and not personal with home and business?

Thank you.  I thought I had purchased business, but its Home and Business. So I think that is the problem. I do see now that there is yet a different product.  That is likely my problem    

 

We did have expenditures related to incorporation.  Although, they were minimal. 

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