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Updated over 6 years ago on . Most recent reply presented by

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5
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Mizael Quinones
  • TX
2
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5
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Qualified Joint Venture

Mizael Quinones
  • TX
Posted

Hello, BP

My wife and I decided to place our then primary residence for rent in Nov/Dec '19. Its our only rental property. We did not file for LLC or anything like that. Is it necessary to file under qualified joint venture? Any tax benefits? We both have regular full time jobs. We're in Texas.

Just want to make sure I understand before I tell uncle sam

Thanks

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