Partnership Taxation

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[@sandrahampton4094]

What’s the tax difference on limited company and a partnership.

[@rosiegonzalez2322]

damn this is so confusing

[@ObviouslyTatiana]

What if only one partner worked the whole year ? How would we file ?

[@LawShelf]

A partnership has to file a 1065, but it would allocate income to whichever partner(s) received it with a Schedule K.

[@oleopathic]

How can a general partnership be setup such that one partner (of two) retains their annual qualification for medicaid as the general partnership earns a profit on interest on private money loans throughout the year?