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In terms of the tax status of a partnership: Multiple Choice Income taxes are not an obligation of each partner since a partnership does not
In terms of the tax status of a partnership: Multiple Choice Income taxes are not an obligation of each partner since a partnership does not pay tax. The partnership must file an information return indicating the amount of partnership income passed through to each partner. Income is taxable to the partnership. The partnership must file an information return indicating the amount of partnership income passed through to the general partner.
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