Unless the partnership agreement specifically indicates an income ratio partnership net income or loss is not allocated to the partners.

Name: Unless the partnership agreement specifically indicates an income ratio partnership net income or loss is not allocated to the partners.
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Partnership net income or loss is always allocated to the partners, even if the partnership agreement does not specify a certain income ratio. The allocation is usually based on the partnership agreement or state law.

Unless the Partnership Agreement Specifically Indicates an Income Ratio Partnership