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your client, Q is an equal partner with tea in the QT general partnership, an emergency animal clinic. He was a veterinarian who works actively
your client, Q is an equal partner with tea in the QT general partnership, an emergency animal clinic. He was a veterinarian who works actively in the business to reward him for his efforts to partnership paid him this year a flat $120,000 (10,000 per month) regardless of partnership profits. In addition, he received a distribution at the end of the year of $30,000 on his schedule K-1 his share of partnership ordinary income is 70,000 cute would like to know how much he will have to report as self-employment income for the year.
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