Partnership Buy-in Offset Income? |
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NicoleJS
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Partnership Buy-in Offset Income? |
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I will be buying into a physician practice partnership for a flat fee and this will then become my only source of income. If I were to buy-in during the same tax year in which I start making money with the partnership, does the buy-in offset my income for that year? My LLC will be the one making the money, but I am not a S or C Corp.
Thanks!
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Wed Aug 17, 2016 1:56 am |
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Luxion
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No, the buy-in will not offset your share of the partnership's income.
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Last edited by Luxion on Fri Aug 26, 2016 4:49 am; edited 2 times in total |
Wed Aug 17, 2016 8:16 am |
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Tue Oct 15, 2019 8:49 pm |
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