Partners are required to report their share of partnership earnings on their personal tax return.

Name: Partners are required to report their share of partnership earnings on their personal tax return.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Partners must report their share of partnership income or loss on their personal tax returns because partnerships are "pass-through" entities, meaning the income or losses pass through to the individual partners.

Partners Are Required to Report Their Share of Partnership Earnings