Major features of conduits are: a. Pass through their income to owners b. Need not file income

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Major features of conduits are:

a. Pass through their income to owners

b. Need not file income tax returns

c. Need not pay taxes

d. Both (a) and (c) above

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 18, 2024 05:15 AM

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Major features of conduits are: a. Pass through their income to owners b. Need not file income

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d Both a and c above Conduits are entities that are typically used for the purpose of passing income ...View the full answer

CCH Federal Taxation Basic Principles 2020

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