Generally speaking, for the 2022 tax year, which of the following statements below regarding the tax treatment of Partnerships is most correct? (Best option).

a) Partners in a Partnership are not considered to be self-employed.

b) The Partnership must furnish copies of a Schedule K-1 to the partners by the partnership return due date (or extended due date). If a K-1 is not issued, a $290 penalty for each partner will be charged.

c) Limited partners are not subject to Self-Employment Tax on any of their income.

d) If a general partner is a member of a Partnership that carries on a trade or business, and they work in that business, the partners distributive share of the income or loss