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Assume you're a partner in a business. For your allocable portion, you receive K-1 income, which is subject to self-employment tax. We're confident that your rental losses will reduce your INCOME tax. But what about your self-employment tax? Let's find out in this video.
Listen in to learn:
- How material participation and non-passive losses impact self-employment taxes
- A common misconception about self-employment income
- Why you can't avoid self-employment income tax
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