Questions tagged [partnership]

The tag has no usage guidance.

6 questions with no upvoted or accepted answers
Filter by
Sorted by
Tagged with
2
votes
0answers
24 views

SEP contributions when part of two LLCs

I am the sole member of first LLC, and I've been doing SEP contributions for several years now. In 2018, I want to start a second LLC where there will be a second member (let's call him John) who ...
1
vote
0answers
95 views

How can I handle an unofficial partnership/hobby business

Some Background: A friend and I have been working on a clothing company together. We have both had similar ventures before, but have only worked solo when doing it. Now we are splitting it to where ...
1
vote
0answers
43 views

Partnership Tax Return UK

We started a partnership in the UK on 20th March 2017 and are ceasing it today (14th July 2017). As of yet we have yet to send in any tax returns for 2016/2017. Would it be permissible to file one ...
0
votes
2answers
67 views

how can you calculate the sweet spot for a risk / reward ratio in a partnership

Let's take 2 parties, A and B. A has a tool that can raise the value of an investment by a known quantity (Q) with an estimated risk factor (R). A failure would incur a loss of (L). B has money (M) ...
0
votes
0answers
33 views

Can I deduct partnership loss from my income?

I lost tens of thousands as passive loss when I withdrew from a partnership. However I'm not sure whether the capital loss is deductible. Since I have no passive income I think I could deduct $3,000 ...
0
votes
0answers
1k views

How to report a 1099-MISC in a Qualified Joint Venture

"A qualified joint venture is a joint venture involving the conduct of a trade or business, if (1) the only members of the joint venture are a husband and wife, (2) both spouses materially participate ...