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Business & farm
Thanks Rick. I do agree with what's being done here. I know that a partnership composed of a married couple filing joint can each report their share on their own separate SCH C's. But tax filing-wise and tracking wise, in my opinion it's much easier on the tracking as well as the paperwork, if the married couple just files a 1065 Partnership Return. That way, the partnership issues each partner a K-1 and each partner gets properly credited for their individual earnings on their joint tax return with less chance of human error and a whole lot less manual math work involved.
‎June 4, 2019
9:04 PM