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Partnership profits: are fully distributed as taxable income to the partners. are distributed to general partners with interest paid to limited partners. are distributed to
Partnership profits:
- are fully distributed as taxable income to the partners.
- are distributed to general partners with interest paid to limited partners.
- are distributed to the partners on an aftertax basis.
- are generally reinvested in the firm rather than being distributed.
- are generally held by the partnership and later distributed as dividend payments.
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