13. Which of the following statements regarding partnership is incorrect?

A. A Partnership files Form 1065 as an information return.

B. A Partnership files its tax return by the 15th day of the third month after its tax year-end.

C. A Partnership is a pass-through entity.

D. Inside basis refers to partners initial tax basis in partnership interest.

E. Both partners and partnerships generally do not recognize realized gain or loss when forming a partnership.