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One partner performs the day to day work for the farm and is receiving guaranteed payments for the service. The service should be allocated to COGS. If I have i...
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That is correct. You only split the income and the tax stays with person that has the business.
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My client files MFS in a community property state. The income is split between each person but the SE tax does not get allocated and is only associated with the...
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The return was accepted this morning. Appears the update has been completed.
