In a limited liability partnership,there is no tax paid at the partnership level,and all profits and losses are reported on the individual partner's income tax return.

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In a limited liability partnership, the partnership itself does not pay taxes on its income. Instead, the income is passed through to the individual partners who report it on their personal income tax returns. This is one of the benefits of forming an LLP, as it avoids the double taxation that can occur with other types of business structures.

In a Limited Liability Partnership,there Is No Tax Paid at the Partnership