The partnership is not taxed as a legal entity, thus the partners are taxed on the income generated by the partnership.

Name: The partnership is not taxed as a legal entity, thus the partners are taxed on the income generated by the partnership.
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Quizplus · Accepted Answer

In a partnership, the business itself is not subject to income tax. Instead, the profits and losses are passed through to the partners, who then report this income on their personal tax returns.

The Partnership Is Not Taxed as a Legal Entity, Thus