Accountant-Man
Level 13
09-22-2023
05:31 PM
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Why does Ordinary income, line 1 of 1065 K-1, get taxed as S/E income even when it's a Limited Partner?
Do not check Material Participation.
Even zero as SE income still creates SE tax.
How to get it right?
** I'm still a champion... of the world! Even without The Lounge.
Best Answer Click here
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