2 single LLC's tax treatment

Can a husband and wife each have a separate single LLC and file just one joint tax return with both LLC's income on the schedule C?

Answer

You could each have 50 single member LLCs, and report it on Schedule Cs on your 1040.

Yes, we actually have a client who has interests in over 100 LLCs (real estate entities--each project a separate LLC).

It makes tax time....interesting. A whole room filled with boxes of paperwork.

If you want to form 50 LLCs, please support this site by using this link.

I get a small cut of the formation price at no extra cost to you. Keeps the cyber-lights on and whatnot.