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Two taxpayers had separate businesses that they each ran independently prior to marriage. After marrying, this relationship persisted. Eventually, they began to work for each

Two taxpayers had separate businesses that they each ran independently prior to marriage. After marrying, this relationship persisted. Eventually, they began to work for each other's businesses and sharing funds, responsibilities, and so on. Several years after that, they had a falling out and are deciding to file separately, each taking their entire business with them on their own returns. Is this possible? (Look at the explanation as much as the answer.)

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