Question: For the Two Men and a Plunger how would this return be affected if Jeffrey and Brett were equal partners, but Clarissa Construction LLC was

For the Two Men and a Plunger how would this return be affected if Jeffrey and Brett were equal partners, but Clarissa Construction LLC was the third partner with a 52% interest?Clarissa Construction uses a fiscal year. A) There would bechanges to the oercentage of incoe that each partner would receive but no other major differences. B) A limited partner cannot own the majority interest of the prtnership as established within the instructions for Form 1065. C) Since Jeffrey and Brett are no longer the majority interest holders of the partnership, they would now be entitled to be paid a salary by the partnership for the services they provide income for the partnerhip. D) Based on the majority interest rule, the partnership would hve to adopt the same fiscal year as their required tax year end. Jeffrey ans Brett would each have a 24% interest in the partnership. This would lower their shares of the ordinary income and their related SE tax.

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