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If you have a partnership that only income is interest, is this considered a trade or business?

graber38
Level 2
 
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IRonMaN
Level 15

Maybe.

I always enjoy these in depth debates when we don't have any real information to go by 🙂

ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)

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IRonMaN
Level 15

Maybe.

I always enjoy these in depth debates when we don't have any real information to go by 🙂

ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)

View solution in original post

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Marc-TaxMan
Level 8

Depends

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