April 14, 2008 4:57 AM EDT
I would be forcing the 1% because she is my partner, but her contribution has not been financial. I am wondering if I could claim 100% of the deductions on my schedule E and not have her file anything. I mean, we made a little money but not really because I spent much more starting up the business. Or is that a red flag? Since we are an LLC (partnership), is it imperative she file a schedule E with something on it? We are just getting going so I wanted to save her the trouble since it would just be going through the motions right now. She is my partner and will play more of a role soon, but I have gotten everything up and running to this point.