Can my business expenses be written off against my wife's income since we file jointly?

1 Answer

Answer :

answer:I am not strictly a tax practitioner or expert and this is sketchy advice, however, your business income and expenses go on the schedule C and pass through to the 1040 form, it would then be combined with your own W-2 income, that of your wife, any other 1099 income, interest etc. So if you are filing jointly the quick answer is yes. This is not intended as legal advice and you should consult a qualified tax practitioner for a definitive answer.

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