Joint venture question

3 Replies

Originally posted by @John Newsom :

Is there a tax return generated for/by a joint venture?

That somewhat depends on how you have the venture structured, but yes a tax return should be filed, consult with your accountant for more clarity. I execute a JV partnership agreement and the asset is held in a trust which has a tax id assigned to it, with each JV partner as the beneficiary.

Bob