TomD8
Level 15

Business & farm

With a qualified joint venture, each spouse must divide all the income & expenses in accordance with their interest in the business, and each must file a separate Schedule C (and, if otherwise required, a separate Schedule SE) with their jointly filed tax return.

 

You have three years from the due date of the original return to file an amended return.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.