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Updated about 11 years ago,
Real Estate LLC Income And FICA
Hello,
I'm Starting A Real Estate Business With A Friend, And It Will Be Member Managed. The Entire Business Will Be Rental Incomes. I Know That This Type Of Income Is Not Subject To Fica. Can We Avoid Fica Taxes Altogether, Or Will We Need To To Characterize Some Of The Incomes As Wages? Thanks In Advance.
MF