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Qualified Joint Venture
Does Lacerte have the ability to duplicate Schedule C for a Qualified Joint Venture in a Community Property State so One does not have to duplicate the entries for both Schedule C's?
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Yes. Screen 16 > General Information > 3 radio dots - select JOINT
1 If Spouse, 2 If Joint
| General Information | Screen 16; Code 10 |
Enter 1 if this Schedule C pertains to the spouse, or enter 2 if this is a jointly owned Schedule C. If you enter 2, the program prints the taxpayer's and spouse's names at the top of Schedule C and divides the net income in half to calculate and print two Schedules SE. Leave this field blank if this is the taxpayer's Schedule C.
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