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Q1 Which of the following is true regarding the taxation of a limited partnership? The limited partnership is, by default, a pass-through (nontaxable) entity. Double

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Which of the following is true regarding the taxation of a limited partnership? The limited partnership is, by default, a pass-through (nontaxable) entity. Double taxation is not avoidable through a limited partnership. The limited partnership need not file a return. The IRS is not concerned whether a limited partnership is, in substance, a corporation

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