A partnership's income, losses, deductions, and credits are: a. Taxed at the entity level. b. Passed through

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A partnership's income, losses, deductions, and credits are:

a. Taxed at the entity level.

b. Passed through to the partners for filling on their individual schedules C.

c. Passed through to the partners using schedule k-1 (Form 1120)

d. Passed through to the partners using schedule k-1 (Form 1065)

Related Book For answer-question

Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Posted Date: Oct 06, 2020 12:00 PM

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A partnership's income, losses, deductions, and credits are: a. Taxed at the entity level. b. Passed through

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