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    #1

    Is it possible?

    Taxpayer says he has a 'partnership'.

    He also says he is the sole owner (100%) of the 'partnership'.

    There are two other persons involved. They only contributed capital and share the profit/loss.

    Is it possible?
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    #2
    You need to see the written partnership agreement. If you need help interpreting it, then I'm sure Sasquatch and the Easter Bunny are available for consultation. As I suspect you believe, your client is clueless. You need to see anything that's in writing.

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