In a partnership, all profits and losses flow through each partner's ________.
A)tax returns
B)savings
C)liabilities
D)investments

Question

Quizplus · Accepted Answer

In a partnership, all profits and losses flow through each partner's tax returns. This means that each partner includes their share of the partnership's profits or losses on their personal tax return, and pays taxes on that amount accordingly.

In a Partnership, All Profits and Losses Flow Through Each