In determining the taxable income (or loss) of a partnership, which, if any, of the following items must be considered?

Question

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When determining taxable income (or loss) of a partnership, guaranteed payments made to partners must be considered. These payments are deductible to the partnership and are included in the taxable income of the partner who receives them. The other options listed (A, B, C) do not apply to partnerships, as they are specific to individual taxpayers or corporations.

In Determining the Taxable Income (Or Loss) of a Partnership