Question: Eric is a partner in engineering firm. He is active in the business and serves as the partnerships chief technology officer. He receives Grant guaranteed
Eric is a partner in engineering firm. He is active in the business and serves as the partnerships chief technology officer. He receives Grant guaranteed payments of $ each year without regarding without regard to the therms firms proper loss assuming the payment is reported correctly on his K form What should Eric report on his income on his tax return a selfemployment income reported on schedule C profit and loss from business so proprietorship be passive income reported them schedule, E supplement income and loss Seay nonpassive income and put it on schedule E supplement income of loss or D Wages, salaries tips, etc. reported directly informed and boy
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