Partnerships file an information return to report their income, gains, losses, deductions, credits, etc. A partnership does

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Partnerships file an information return to report their income, gains, losses, deductions, credits, etc. A partnership does not pay tax on its income but "passes through" any profits or losses to its partners. Partners must include partnership items on their tax or information returns. Explain why?

Posted Date: Sep 25, 2021 01:06 AM

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Partnerships file an information return to report their income, gains, losses, deductions, credits, etc. A partnership does

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A partnership files an information return to report the income gains losses deductions credits etc b... View the full answer

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