<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0">
	<channel>
		<title>LLC Tax Question</title>
		<link>http://www.startupnation.com/community/orca/topic/LLC-Tax-Question.htm</link>
		<description>LLC Tax Question</description>
		<lastBuildDate>Mon, 14 Apr 2008 11:26:17 GMT</lastBuildDate>
		
			<item>
				<title><![CDATA[It would depend on what your par]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-Tax-Question.htm</link>
				<description><![CDATA[It would depend on what your partnership agreement states.]]></description>
				<pubDate>Mon, 14 Apr 2008 11:26:17 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-Tax-Question.htm#725622</guid>
			</item>
			<item>
				<title><![CDATA[I would be forcing the 1% becaus]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-Tax-Question.htm</link>
				<description><![CDATA[I would be forcing the 1% because she is my partner,&#160;but her contribution has not been financial.&#160; I am wondering if I could claim 100% of the deductions on my schedule E and not have her file anything.&#160;&#160;I mean, we made a little money b[...]]]></description>
				<pubDate>Mon, 14 Apr 2008 11:26:17 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-Tax-Question.htm#725621</guid>
			</item>
			<item>
				<title><![CDATA[First, since you`re a partnershi]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-Tax-Question.htm</link>
				<description><![CDATA[First, since you`re a partnership you will need to file Form 1065, as you indicated.&#160; Since you sister is also a partner, then 1% (her share of the partnership) of the loss for 2007 will be flowing to her.&#160; Thus, she will receive a K-1 from the p[...]]]></description>
				<pubDate>Mon, 14 Apr 2008 11:26:17 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-Tax-Question.htm#725620</guid>
			</item>
			<item>
				<title><![CDATA[I formed a home-based gift-baske]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-Tax-Question.htm</link>
				<description><![CDATA[I formed a home-based gift-basket business with my sister last November.&#160; We formed as an LLC (with 2 members).&#160; Basically, I put up all the expense and my sister is helping with other resources (other than monetary).&#160; We did not make any pr[...]]]></description>
				<pubDate>Mon, 14 Apr 2008 11:26:17 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-Tax-Question.htm#725619</guid>
			</item>
	</channel>
</rss>