Discussion:Husband and Wife Partnership
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Revision as of 17:23, 25 October 2007
Discussion Forum Index --> Basic Tax Questions --> Husband and Wife Partnership
Discussion Forum Index --> Tax Questions --> Husband and Wife Partnership
| October 25, 2007 | |
| I have a client who is filing married filing separately. Her and her husband run a small company as a partnership. He has already filed 2006. The 1065 was just prepared and the K-1 generated. Is there any stipulation that says she cannot take 100% of the K-1 loss. If the division of everything was 50%-50% before, is there some kind of declaration that has to be made that stating that she is taking 100% of the loss or gain but the capital is still at 50-50. I believe next year they plan on filing jointly, so it should make no difference from an income or loss stand point. Thank you for your input. | |
