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Business & farm
That is theoretically possible, but you would have to amend the form 1065 for the partnership to reflect no income and an explanation as to what you are doing.
You need to be sure that you are including all items of income and expense on the schedule C's however, as often there wouldn't be any difference in tax in filing it that way versus as a partnership.
Also, you need to make sure you are eligible to file as a schedule C, as there are requirements that you have to follows. You can read more about that here:
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May 11, 2021
5:26 PM