What is a Spousal Partnership?

A spousal partnership is a business that is owned and run jointly by a married couple, unless the partners choose to operate the business as a joint venture or the business is located in a community property state.

Related Terms

What is Married Filing Jointly Status?

What is Married Filing Separately Status?

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R&D tax credits

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Tax positions for businesses and individuals

R&D tax credits

Augusta rule

Depreciation

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