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New client- got stuff in Feb 2021- first contact
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2020 Partnership has about a 1.2 million profit- five partners all with different ownership percentages- The GP has 75% & its all a handshake deal and about 1 m...
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I am concerned that a Gen Partner with 400K of ord income & no guar payments & than all 400K qualifies for QBI- is a bad look.
