Daniel,
I have this exact issue, an old CPA sent our farm up as a sole proprietorship in my Husband's name, but I now want to make it a Qualified Joint Venture and split it onto 2 Schedule F's. You previously stated, "you will also need to send a statement to the IRS that says you wish for your business to be treated as a joint venture.", is there a specific form that is to be used for this "statement" and where do I send it? Any help or clarification on this would be great. I am already working to split all the income and expenses for my 2020 return between 2 Schedule F's. I just need to know if I should notify the IRS of this change before submitting my return.
Thank you!
