TaxGuyBill
Level 15
05-04-2022
09:18 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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).