Married - Qualified Joint Venture

monicac · ‎04-11-2023

I have a married couple with a Qualified Joint Venture that I have been filing one Sch C with both names showing as Name of Proprietor and Pro series populates two Sch SE one in each of their names with 50% of the net income.

My concern is that the Sch C instructions says that two Sch Cs should be prepared, one for each spouse.

Does anyone have any experience with this. I have been doing this since tax year 2017 and they have not received a letter yet.

Skylane · ‎04-11-2023

IF you get a letter you can send 2 schedule C’s….won’t change the tax…. I’ve done the same… wouldn’t worry about it…

If at first you don’t succeed…..find a workaround

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BobKamman · ‎04-11-2023

I would tell them to check their Social Security account regularly, to make sure both are getting credit for their half of the earnings.