Any married couple in any state can set up a qualified joint venture.
The requirements are:
- the only members of the joint venture are a married couple who file a joint tax return,
- both spouses materially participate in the trade or business,
- both spouses elect to have the provision apply,
- the business is co-owned by both spouses and
- isn't held in the name of a state law entity such as a partnership or limited liability company (LLC)
Source
What is your reason to want to have a Qualified Joint Venture?
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