The only partners in the partnership are a husband and wife
They file a joint tax return
The husband and wife must materially participate in the trade or business.
Both spouses must elect qualified joint venture status on Form 1040 by dividing the items of income, gain, loss, deduction, credit and expenses in accordance with their respective interests in such venture and each spouse filing a separate Schedule C, C-EZ, or F accordingly, and, if required, a separate Schedule SE to pay self-employment tax.
This is effective for taxable years beginning after December 31, 2006.