What is Joint Income?

For purposes of investor accreditation and qualification, “joint income” means adjusted gross income as reported for U.S. federal income tax purposes, including any income attributable to a spouse or spousal equivalent or to property owned by a spouse or spousal equivalent, increased by certain amounts including: tax-exempt interest income, losses claimed as a limited partner in a limited partnership, deductions claimed for depletion, and amounts by which long-term capital gains income was reduced.