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domestic partnership - foreign partners hold 100% interest

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    domestic partnership - foreign partners hold 100% interest

    Can a domestic partnership have two foreign partners whom hold 50% interest each? Is it allowed? Thank you.

    #2
    The only income of the partnership is rental income. No minimum payment.

    The only income of the partnership is rental income. No minimum payment. So there is no SE tax liability. Does the partnership need a U.S. resident to be a general partner?
    Last edited by TAX-TAX; 02-10-2018, 11:26 PM.

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      #3
      A domestic partnership is one which is formed in one of the states of the US. I see no reason the partners could not be foreign nationals. But that would not allow them to avoid filing partnership returns here or paying US taxes if any. You need to check the state laws of the state it was formed in for clarification.

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