We study the viscous properties of a system of weakly interacting spin-1/2 fermions in one dimension. Accounting for the effect of interactions on the quasiparticle energy spectrum, we obtain the bulk viscosity of this system at low temperatures. Our result is valid for frequencies that are small compared with the rate of fermion backscattering. For frequencies larger than this exponentially small rate, the excitations of the system become decoupled from the center of mass motion, and the fluid is described by two-fluid hydrodynamics. We calculate the three transport coefficients required to describe viscous dissipation in this regime.