Which of the Following Statements Regarding Partnerships Is True

question 1

Multiple Choice

Which of the following statements regarding partnerships is true?

• A)Partnership income is taxed in the partnership.
• B)Partnership losses cannot be offset against the partners' other income.
• C)Partnership income is included in a partner's income in the year of disbursement.
• D)Partnerships may earn business income, property income, and capital gains.

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