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What is a partnership for US tax purposes?
A partnership is a business or investment vehicle that has at least two owners.
It can have more than two owners of which at least one is a US person, but it must have at least two owners and if it does it then files an annual tax return in the United States, which is really information only, for the partnership and on that document that tax filing is a form called K1 and on the K1 each partner’s flow-through tax items are shown.
Americans Overseas can help you with your partnership for tax purposes
Americans Overseas offers a large independent network of US tax accountants and financial planners, specialized for Americans living abroad. Based on your personal situation, we provide information and introduce you to the appropriate expert in our Americans Overseas network, free of charge and free of any obligation.