Question
Partnerships are generally treated as an entity for tax purposes. Which of the following is an example of entity treatment? a. Income, deductions, etc. pass
Partnerships are generally treated as an entity for tax purposes. Which of the following is an example of entity treatment?
a. Income, deductions, etc. pass through
b. Items retain their character on flow-thru
c. Distributions are generally tax-free
d. Each partner has a basis in his or her interest
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Auditing A Risk Based Approach
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
12th Edition
035772187X, 978-0357721872
