The National Directory of Certified Public Accountants

Ask A CPA - Partnerships - Form 1065

1. Are the K-1 losses that were limited by the "At-risk" rules lost?

2. Can a Partnership continue after the sale of a partnership entire interest?

3. Can a Partnership lease an auto for business purposes?

4. Can I use my passive K-1 loss to offset my interest income

5. Can my K-1 loss from my PTP offset other K-1 income?

6. How does a partnership deduct health insurance premiums?

7. How is the guaranteed salary amount reported?

8. Is the loss reported on my K-1 fully deductible?

9. What are benefits of forming a Partnership?

10. What are guaranteed payments ?

11. What are some advantages and disadvantages of selecting to be a Partnership compared to other entities?

12. What are some disadvantages of selecting to be a Partnership compared to other entities?

13. What are the tax consequences of a Partner's Death?

14. What is "Active Participation"?

15. What is a REMIC ?

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