u/Adventurous_Big1794

I’m a high earner (w2 employee) and my spouse just started a single member LLC for buying and selling hobby items including trading cards (she’s been doing it on eBay for years, but just decided to form the LLC)

My spouse doesn’t work and has no w2 income. We file our taxes jointly.

I assume the LLC income and expenses can all be run on schedule C and be offset against my w2 income (to the extent there are losses). Is that right?

And in this case can she get a FEIN for the LLC? Would that impact how taxes are filed. There are no employees.

Thanks