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New Member
posted Mar 16, 2025 7:29:12 PM

How do I split our small business farming loss between spouses on a joint tax return?

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1 Replies
Moderator
Mar 18, 2025 11:59:01 AM

In TurboTax Online, you would enter the farm info under one spouse, making sure to choose the option for "Details of Partners and Equity". Then you'll get a page that allows you to assign a percentage of the business to your spouse. This will split any income/loss between the two returns based on the percentage you enter.