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Frank is a 1 0 % partner in the ABC partnership that has $ 5 0 , 0 0 0 of income in 2 0

Frank is a 10% partner in the ABC partnership that has $50,000 of income in 2023. All of the income remains in the partnership - so Frank does not receive his $5,000(10%) share during 2023. True or False: Since Frank did not receive the money in 2023, he does not include it on his 2023 personal income tax return.
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