I always file two separate Schedule Cs, not necessarily with a 50-50 split, and two SEs. IRS has waved them through two audits in the past 10 years or so.
Chuck
From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Lynne Ayton
Sent: Monday, November 03, 2008 9:15 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Husband-Wife LLC & OIH
guess i cant answer that one as i always file them as a joint sched C. and ive never had any correspondence with IRS regarding such filing.
lynne
Donna J. Perrone wrote:
Lynne,
the whole question about this issue is NOT whether to file 2 Sch C's or file a 1065.
My question was how should they take a deduction for Office in the Home expenses, assuming that they will be filing a 1065?
Donna J. Perrone, EA
East Haven, CT
203-469-4939
203-468-2038 fax
IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.
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