QJVQualified Joint Venture (tax classification)
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For QJVs reported on Schedule C, the QJV election is made by filing a joint return and reporting all items of the business's income, gain, loss, deductions, and credits as described above.
Pursuant to this election, a QJV conducted by a husband and wife who file a joint return is not treated as a partnership for federal tax purposes.
For determining net earnings from self-employment, each spouse's share of income or loss from a QJV also is taken into account according to their respective interests in the venture.