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Get your taxes done using TurboTax
Is the quartet filing a business tax return? It should, if it receives income for services, and has business expenses like commissioning new works. Probably a partnership return form 1065, which would issue a K-1 statement to each of the partners that goes on the partners' individual tax returns. The quartet would also need its own separate federal tax ID number, and the quartet's number should be used for future fundraising efforts.
March 18, 2025
9:34 AM