- May 11, 2023
- Reaction score
My wife and I "own" a small marketing company (approx $100k revenue a year, $10k-$20k expenses). DBA only, no LLC. We have always split the income and expenses down the middle and filed two Schedule C's, one for her and one for myself. Every project we work on together so there would be no easy way to determine who's revenue and expenses are who's. I believe the net tax burden for our family comes out the same no matter how we split it. Years ago I was told this is the right way to do it but I've seen some postings that say this is not correct. If it matters we are not in a community property state.