aepcpa
Level 2
04-27-2021
02:50 PM
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It would be passive. I would say the partnership is a dealer where on partner is active and the other one passive. She only put money into the partnership, other than that she had no other participation. Maybe I should put her as a limited partner with a passive income?
Thank you for your answer and sorry for responding late. It means a lot to me be able to get some ideas when I get stuck.