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Should I file two returns for a small business (general partnership) where I was not paid and personal taxes?
This past year I started a small business (general partnership) with a friend. We grossed under $5k and netted about $3k in 2020. Neither of us got paid and the money is still in the business bank account. Do I need to file for the GP business and my personal taxes or do I even need to file on my personal taxes because I didn't make any money from the business. Thank you.
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March 9, 2021
11:14 AM