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Investors & landlords
@christopherJasonShields and spouse cannot file as a QJV unless they hold their interests in the LLC as community property in a community property state.
Only businesses that are owned and operated by spouses as co-owners (and not in the name of a state law entity) qualify for the election. See Rev. Proc. 2002-69, 2002-2 C.B. 831, for special rules applicable to married couple state law entities in community property states.
‎April 15, 2021
7:05 AM