I need advise on entering info for Qualified Joint venture ? Proseries Basic 2021

[JudyB]

I have a business Schedule C, not LLC, husband and wife.  They qualify for the Qualified Joint Venture.

on schedule C it asks if both T and S work in this business. 

I check this and it will not let me do a Schedule C in the S name and SS number. 

The point is to have S be able to get credit for income for SS

What am i missing. Thank you

Judy

[TaxGuyBill]

I have no idea what that Joint box is supposed to do.

Create and file two separate Schedule Cs.

[JudyB]

ThanK you. That is what I am doing, but I do not see where I can elect a qualified joint venture. 

Appreciate your getting back to me.

judy

[TaxGuyBill]

You elect by just reporting it on two Schedule Cs.  There is no need to make a formal statement for the election.

Personally, I add it to the business/profession line.  So rather than entering "Cleaning Services", I call it "QJV: Cleaning Services".

[JudyB]

Thanks again.