M
mrhoangle
Guest
I have Joint Tenancy in farmland with my sibling. We are starting an orchard and have accrued expenses that are qualified write-offs by Schedule F. I am curious if anyone knows partnership rules. Do I need to declare a partnership with my sibling in order to file taxes, or could we just split the cost and file separate Schedule F?
I am quite confused with the rules of partnership in California. I do not want unlimited liability if anything were to happen to his personal life. Any advice is appreciated.
I am quite confused with the rules of partnership in California. I do not want unlimited liability if anything were to happen to his personal life. Any advice is appreciated.