SC. My husband and I have a small real estate business. It is listed as an LLC. It is just my husband and myself in this LLC. Outside of the LLC, my husband has a regular job (with taxes, i.e., SS/Fed/FICA, etc), but I just work in our business (but not listed as an employee, just co-owner). We have entered in our taxes the income that we have received from this business, after posting all we are allowed to deduct for the rentals. That income that is left over, we have been taking as part of our income. I guess I was wondering if we are supposed to categorize it in another way since we are taking it? I hope this makes sense to you all.