Investors & landlords

1. No, the QJV is not supported for rental properties.

2. Using the desktop version is possible because of Forms Mode. You can just select QJV and material. However, you have to do all the math to separate the values. Plus, the accuracy guarantee is no longer valid.

Page 2 of the Sch E instructions address the QJV:

Although you and your spouse will not each file your own Schedule E as part of the qualified joint venture, each of you must report your interest as separate properties on line 1 of Schedule E. On lines 3 through 22 for each separate property interest, you must enter your share of the applicable income, deduction, or loss.

Here is a screenshot of the Form in Forms mode. The program will put all information in one column for a typical married couple. This is why you must do all the math and input separately.