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Investors & landlords
@Anonymous wrote:I would therefore conclude that if they live in a CPS a partnership return is not required. however, they must split everything so there are two schedule E's
in a NON-CPS a partnership return is required because the property is held by an LLC.
I agree, but it appears as if @Broncobear is already using the Business program (presumably to file a 1065) and there is no indication that he and his wife reside in a CPS.
‎October 9, 2020
6:22 AM
1,540 Views