Question
A partner must include in gross income his or her share of the partnerships income for the year whether or not the partner withdraws anything
A partner must include in gross income his or her share of the partnerships income for the year whether or not the partner withdraws anything from the partnership.
Hint: Partners are only taxed on their SHARE of income...not on the actual Withdrawals...these are often different figures.
Group of answer choices
True
False
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Management And Cost Accounting
Authors: Colin Drury
6th Edition
1844807037, 978-1844807031
