Can I file an amended return electing Qualified Joint Venture status when the original was filed under taxpayer only?

[jensen607]

It is for schedule F. Splitting the farm loss would help alleviate an excess contribution to the Taxpayer's solo 401(k) for 2021. The taxpayer also has a schedule C.

[TaxGuyBill · Accepted solution]

If it actually was a Qualified Joint Venture, yes, you can amend.

But be careful you are not misstating that it is a jointly owned business just to try to alleviate an excess contribution. 

Also check if it was an LLC.  If it was, the jointly owned business would need to file a Partnership return (unless it is in a Community Property State).