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Crypto Mining LLC member classifications
My husband and I created a multi-member LLC taxed as a partnership for crypto mining in 2021. We purchased the computers and got them up and running last year. Turbo Tax business is asking me and my husband if any of us are managing members or limited members. The computers are running on their own with minimal required maintenance and generating passive income, which member should we categorize ourselves as? This categorization affects self-employment tax?
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‎April 5, 2022
7:48 PM