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Do general partners pay self employment tax 2024?

Oliver Johnson | 2023-06-12 03:18:23 | page views：1265
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Carter Smith

Works at AquaTech Solutions, Lives in Stockholm, Sweden.
A general partner pays self-employment tax on earnings from self-employment. A limited partner does not pay self-employment tax on his share of partnership income. However, if a limited partner receives guaranteed payments for services performed, such payments are subject to self-employment tax.
2023-06-15 03:18:23
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Harper Cooper

QuesHub.com delivers expert answers and knowledge to you.
A general partner pays self-employment tax on earnings from self-employment. A limited partner does not pay self-employment tax on his share of partnership income. However, if a limited partner receives guaranteed payments for services performed, such payments are subject to self-employment tax.
Who Pays Self-Employment Tax? - loopholelewy.com
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