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My wife has an LLC how do I report her income filing jointly

My wife owns a small business.  I don't see anywhere on turbo tax where i can report her profits from the LLC
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My wife has an LLC how do I report her income filing jointly

What kind of LLC?  Is it a Single Member LLC that is a S corp?  Then she needs to file a separate 1120-S business return.

 

If she is a Single Member LLC that is not a S corp it is a disregarded entity and she files it on Schedule C in your personal tax return as self employment income.

 

You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version.  Or use any of the Desktop CD/Download programs.

 

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

 

My wife has an LLC how do I report her income filing jointly

If this is a single member LLC and has not been incorporated then the income and expenses are entered on a Schedule C.  A Schedule C is included with and is part of your personal tax return, Form 1040.

 

You will have to upgrade to the Self-Employed online edition if you are also reporting expenses for the LLC.

 

See this TurboTax support FAQ for self-employment income - https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/01/...

 

See this TurboTax support FAQ for self-employment expenses - https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-busine...

 

 

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