Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

LLC partnership - Husband & Wife

Native Econ
Level 1

How should a Partnership DBA multiple entities file tax return? should all DBAs go on tax or should only the partnership name go on the Schedule C. They are not doing 1065 because its a husband wife Partnership. 

0 Cheers
3 Comments 3
sjrcpa
Level 15

What makes you think this husband and wife owned LLC can file a Schedule C and not 1065?

The more I know, the more I don't know.
qbteachmt
Level 15

Perhaps you are trying to describe a Qualified Joint Venture? See this IRS reference:

https://www.irs.gov/businesses/small-businesses-self-employed/election-for-married-couples-unincorpo...

But that is a mistake.

"A qualified joint venture, for purposes of this provision, includes only businesses that are owned and operated by spouses as co-owners, and not in the name of a state law entity (including a limited partnership or limited liability company)"

*******************************
Don't yell at us; we're volunteers
cem1109
Level 1

whether a husband-wife-owned LLC can file as a disregarded entity depends on if they are in a community property state. See Rev. Proc. 2002-69, 2002-2 C.B. 831