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Author Question: All of the following are classified as flow-through entities for tax purposesexcept (Read 28 times)

a0266361136

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Question 1

AB Partnership earns $500,000 in the current year. Partners A and B are equal partners who do not receive any distributions during the year. How much income does partner A report from the partnership?
◦ $0
◦ $250,000
◦ $500,000
◦ None of these.

Question 2

All of the following are classified as flow-through entities for tax purposes except
◦ partnerships.
◦ C corporations.
◦ S corporations.
◦ limited liability companies.


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Marked as best answer by a0266361136 on Sep 13, 2020

AngeliqueG

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a0266361136

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Reply 2 on: Sep 13, 2020
Gracias!


kjohnson

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Reply 3 on: Yesterday
Wow, this really help

 

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