Partnerships are not separate taxable entities and, consequently, are not taxed at the entity level.

Name: Partnerships are not separate taxable entities and, consequently, are not taxed at the entity level.
Brand: Quizplus
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Quizplus · Accepted Answer

Partnerships are pass-through entities, meaning that any profits or losses are passed through to the individual partners and reported on their personal tax returns. Therefore, partnerships themselves are not subject to federal income tax.

Partnerships Are Not Separate Taxable Entities And, Consequently, Are Not