A partnership is taxed at the same rates as estates and trusts for Federal income tax purposes.

Question

Quizplus · Accepted Answer

Partnerships are not taxed at the same rates as estates and trusts for Federal income tax purposes. Instead, partnerships are "pass-through" entities, meaning the income is passed through to the partners who then report it on their individual tax returns at their own tax rates. Estates and trusts are taxed according to different sets of rules and rates.

A Partnership Is Taxed at the Same Rates as Estates