A sole proprietor's income and expenses flow through ________.
A)shareholders' tax returns
B)individual partners' tax returns
C)his or her personal tax returns
D)corporate tax returns

Question

Quizplus · Accepted Answer

A sole proprietor's income and expenses are reported on his or her personal tax returns, as there is no legal separation between the owner and the business.

A Sole Proprietor's Income and Expenses Flow Through ________