What deductions are generally allowed in a partnership tax return?
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Tax Professional Answers
William Keats
Basically, you can deduct Salaries and wages (other than Partners), Guaranteed payments to partners, Repairs and maintenance, Bad debts, Rent, Taxes and licenses, Interest, Depreciation, Depletion (except oil and gas), Retirement plan contributions, Employee benefits, and other miscellaneous expenses.
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568 weeks ago