BobKamman
Level 15
03-03-2022
04:31 PM
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Draw us a picture. The partnership rents office space -- and uses some of it? or none of it? Then it subleases to a tenant. For less than the rent the partnership pays on the lease, or for the same amount, or for more?
I would think the sublease income would first be used to reduce the rent deduction, which would increase the net consulting income.