For tax purposes, a partnership is

Name: For tax purposes, a partnership is
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For tax purposes, a partnership is much like a proprietorship. Partnerships are taxed as pass-through entities, where each partner reports their share of the partnership's income and losses on their personal tax return. The partnership itself does not pay income tax. Therefore, it is not exempt from tax, subject to double taxation, or much like a corporation.

For Tax Purposes, a Partnership Is