In florida my husband and I are the only managing members on an LLC. Are we able to file our taxes with one of us claiming 100% of profits and losses and the other as 0% if we are filing jointly.


You need to follow the operating agreement. If the operating agreement says that the profits and losses are shared equally - then that is what you need to write down in your taxes.

It does matter, since it affects your FICA rights and liabilities (which, I assume, is the reason why you're asking this).

No, you cannot just make up numbers. You need to follow the OA.


When you file a joint return there are no separate numbers for husband and wife. Everything is aggregated together.

  • Does that mean that both people are seen as equal partners? I read somewhere that you file each persons tax paid by their percentage of ownership and split that on each schedule C, so I was wanting to know if one spouse can file 100% on their schedule C and the other can file 0%. – Melissa Oct 12 '14 at 23:16
  • 1
    Wrong completely and entirely. – littleadv Oct 13 '14 at 0:52

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