The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals.

@Brandon Hall    @Natalie Kolodij      @Linda Weygant  CPA <3 What's the best way to account for business expense deductions during a joint venture flip?

I would assume the funds could come from any account since you are allowed to go into joint ventures, etc. hope this help some. 

Fortunately, when investing in real estate, there is a range of options available for garnering capital, which include equity and debt financing, investing with family or friends, joint ventures, starting a blind pool fund, and seller financing.

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

There happened to be a joint that exposed with this section of pipe. 

I now have Legal advise from attorneys, Legally prepared documents for my business, Contracts, Joint Venture agreements, LIVE one on one ZOOM calls with active community leaders helping me succeed, Underwriting, Lead generation, Acquisition strategies...once again, the list goes on and on. 

IRS - Topic No. 701:"If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income, or up to $500,000 of that gain if you file a joint return with your spouse.Publication 523, Selling Your Home provides rules and worksheets.

Because we file jointly, and we use schedule E’s, there really is no reason to keep them separate.  

Taxes would be simple as we could file as a qualified joint venture.option 2: Open single-member LLC with myself as member and have LLC own the property.