Does anyone know how IRS classifies a HUF (Hindu Undivided Family)? Is it a trust or a partnership? Where do I report any income I receive from it? Thanks!

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You would have to make a selection on the tax treatment as to how you want your HUF to be taxed. You could do it as a trust or a partnership. There are advantages to both. I would classify it as a partnership since all the members have equal say in all matters but you could also set it up as a trust. It might be best to consult an attorney as you structure your group.

@madgul

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