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How do I split our small business farming loss between spouses on a joint tax return?
posted
a month ago
last updated
March 16, 2025
7:29 PM
1 Reply
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How do I split our small business farming loss between spouses on a joint tax return?
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.
4 weeks ago