What is a publicly traded partnership? Are all publicly traded partnerships taxed as corporations? What is a publicly traded partnership (PTP)? O A. A PTP is defined as a partnership whose interests are only traded on a foreign securities exchange. OB. A PTP is defined as a partnership whose interests are either traded on an established securities exchange or are traded in a secondary market or the equivalent thereof. OC. A PTP is defined as a partnership whose interests are only traded on an established securities exchange. OD. APTP is defined as a partnership whose interests are by law only traded in the state in which the partnership conducts its business. Are all publicly traded partnerships taxed as corporations? O A. No. A publicly traded partnership that existed on December 17, 1987, and which has not added a substantial new line of business, was not taxed as a corproation until tax years beginning after December 31, 1997. These partnerships, which were grandfathered under the 1987 law for ten years, were granted a new election in the Taxpayer Relief Act of 1997. OB. No. Partnerships that have 90% or more of their gross income being "qualified income" are taxed as partnerships. O C. Yes. All publicly traded partnerships are taxed as corporations. OD. Both A. and B