First year LLC, losses and no income. How to file?

[Carlos Alger]

Hello, I am hoping a CPA in the group can help me understand this as we are gearing up for taxes and I need some advice so I can make an informed decision. Our LLC files as a S-Corp. Normally if the business is profitable, we would take a reasonable amount for income. Since the LLC did not make any money in 2016 (year one - only expenses), how would the income portion be treated? In other words, my wife is a full time W2 and we file Married Filing Jointly for our personal taxes, but now I don't know how to file for myself who works full time in the LLC since there is $0 income from the LLC.  Thank you all so much.