Capital gains of a partnership and an S corporation flow through to owners to be reported by them on their own tax returns.

Name: Capital gains of a partnership and an S corporation flow through to owners to be reported by them on their own tax returns.
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Question

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Both partnerships and S corporations are pass-through entities, meaning that the income and losses are passed through to the owners and reported on their personal tax returns. This includes any capital gains made by the partnership or S corporation.

Capital Gains of a Partnership and an S Corporation Flow