My husband and I qualify as a Qualified Joint Venture (QJV). I get a W-2 and he is Self-Employed. Together we own 4 properties that are currently rented out. We find our own tenants, collect rent and make our own decisions. We have several questions:
1) How do we tell the IRS we are a QJV?
2) We currently file Schedule E's for each property, Do we need to submit Schedule SE (if we don't file Schedule C) for each one of us to get Social Security Credit? If so, is the rental income to be reported on line 2? My spouse will have 2 Schedule SEs (one as a landlord and the other as his other duties)?
3) Are we considered passive even though we manage our own rentals and only need to file Schedule Es?
