Which one of the following statements is false?

A.Distributions by the partnership are generally not taxable to the partners unless the distributions are treated as a liquidation or sale or exchange of their capital interests.

B.Each individual partners distributive share of partnership income or loss must be reported on his or her Form 1040.

C.Generally, a partners distributive share of income or loss is determined by the partnership agreement.

D.The partnership is required to file a declaration of estimated tax in any year it anticipates a profit.