Qualified Joint Venture Assignment | Homework for You
June 11th, 2020
Question 35 of 75. Generally, all of the following are true regarding a qualified joint venture (JV) in a non-community property state EXCEPT!
The only members of the joint venture are spouses (a married couple) who file a joint return.
O Both spouses elect not to be treated as a partnership
O Both spouses are registered with the state as a business entity
O Both spouses materially participate in the trade or business
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