The Tax Court recently ruled that a limited partner’s share of business income may be earnings from self-employment. Earnings from self-employment are subject to the self-employment.
In Soroban Capital Partners LP v. Commissioner,[1]the Tax Court held that the statutory exclusion from the imposition of self-employment tax does not automatically apply.
In Soroban Capital Partners LP v. Commissioner, the Tax Court held that the statutory exclusion from the imposition of self-employment tax does not automatically apply with respect to.
On November 28, 2023, the Tax Court ruled in Soroban Capital Partners, L.P. v. Commissioner[1] that limited partners in a New York hedge fund could be subject to self-employment.
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