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I am starting a partnership. I have read a few these things online, but still a little confused. Do i just add the earning to my self employment tax? If anyone has experience with, can you please give me a brief summary what needs to be done.

I just thought of something. If I buy a ragged PSP really cheap, and I buy those cool custom shell sold in china. I replace the whole shell and it would look like a cool special edition PSP. You can make an old used psp look brand new and with custom housing. You can get a used PSP for less...