Married, LLC, SE tax?

[Account Closed]

I want to establish an llc with my wife. We will be equal partners. We live in Oklahoma and file a joint return. How do we set this up to avoid paying self employment tax on the rental llc return? Thanks

[Matt Horwitz]

@Taylor Brugna is 100% correct on both his replies. LLC taxed as Partnership is likely where you should start.

@Dan Schwartz, a Qualified Joint Venture can only be used in a community property state (AZ, CA, ID, LA, NV, NM, TX, WA, and WI). A QJV is not available for a husband-wife Oklahoma LLC.