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25
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5
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Richard Z.
  • Investor
  • Los Gatos, CA
5
Votes |
25
Posts

Passive income for passive partners of flipping project

Richard Z.
  • Investor
  • Los Gatos, CA
Posted

Its LLC entity, will issue K-1 for each partners.

Passive income for passive partners - Should it be categorized as ordinary income just as the active partner, or should be short term capital gain? The project is a flipping project.

Thanks,

Richard

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