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Which of the following is true about a partnership? AIt is not a tax-paying entity for federal income tax purposes.BBusiness losses are deductible based on

Which of the following is true about a partnership? AIt is not a tax-paying entity for federal income tax purposes.BBusiness losses are deductible based on the limit on a partner's individual return.CIt does not have a life apart from its owners.DPartners of a partnership do not assume personal liability for obligations of the business.ENone of the above

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