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Investment funds are often structured as limited partnerships. These partnerships allow professional managers to pool investor funds while maintaining operational flexibility. These structures typically have a general partner (“GP”) who manages day-to-day operations. Limited partners (“LP”) provide the capital and earn passive returns. The active manager and passive investor roles have different tax implications. Self-employment… Continue reading Can Limited Partners be Subject to Self-Employment Tax?
The post Can Limited Partners be Subject to Self-Employment Tax? appeared first on Houston Tax Attorneys | Mitchell Tax Law.