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Which one of the following statements regarding partnership taxation is incorrect2 wa Partnership income is comprised of ordinary partnership income or loss and separately stated
Which one of the following statements regarding partnership taxation is incorrect2 wa Partnership income is comprised of ordinary partnership income or loss and separately stated items b. A partnership is required to file a return with the IRS. C. A partner's profit-sharing percentage may differ from the partner's loss sharing percentage d. A partnership is a tax-paying entity for Federal income tax purposes. De. All of these choices are correct
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