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Not worth while because the partnership can't deduct partner's unpaid time.
Domestic Partnerships
must file Form 1065, unless it
neither receives income nor incurs any
expenditures treated as deductions or
credits for federal income tax purposes
if it never wants to claim those licensing expenses as a deductible expense no return is required. thus no schedule E or SE. whether you have to file a 1040 is a different question.
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