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qualified joint venture

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qualified joint venture

Rox

I would like to see the ability to prepare the second schedule of income for a qualified joint venture from the original input screen instead of having to create the second input screen and manually calculate the split. I have a husband and wife client with 2 schedule F and 3 schedule E rentals, and they want to report everything 50/50. I see on the input screen that I can select Taxpayer, Spouse, or Joint. Why give me the choice of joint if the only purpose is to generate a diagnostic telling me to perform the function manually? I don't pay for tax prep software to increase my manual tasks. It seems to me that if you can create multiple K-1s based on a taxpayer identification including a percentage of allocation, then selecting to do the same with qualified joint ventures in 1040s should be available. 

Thanks for the idea to prepare the second schedule of income for a qualified joint venture from the original input screen. We are changing the status to "Open for voting" since it is no longer considered "New".

Continue to vote and comment on enhancements by going to the Idea Exchange Home page and select "Status": Open for voting, "Sort by": Most Popular. >> ProConnect Idea Exchange

If you have any questions on the life cycle of an idea, check out our Idea Exchange Getting Started Guide for more information.

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IntuitGabi
Community Manager
Community Manager
Status changed to: Open for voting

Thanks for the idea to prepare the second schedule of income for a qualified joint venture from the original input screen. We are changing the status to "Open for voting" since it is no longer considered "New".

Continue to vote and comment on enhancements by going to the Idea Exchange Home page and select "Status": Open for voting, "Sort by": Most Popular. >> ProConnect Idea Exchange

If you have any questions on the life cycle of an idea, check out our Idea Exchange Getting Started Guide for more information.

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