Article Date:
November 2007


Word Count:
124

 

 

Real Estate Joint Venture


My friend and I buy and sell properties together. Can we do this as a joint venture and report the results on our separate Schedule Cs? (S.G., San Antonio, Texas)

 

No. Because you are buying and selling properties as a business venture (often called a dealer activity), you are in business and have a partnership for tax purposes.1 You may or may not want to operate as a partnership. You might, for example, consider the S corporation. ... Log in to view full article.

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