With respect to taxes,a partnership is a pass-through entity.

Name: With respect to taxes,a partnership is a pass-through entity.
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A partnership is a pass-through entity, which means that the partnership itself does not pay income taxes. Instead, the profits and losses of the partnership are passed through to the individual partners, who then report their share of the partnership's income or loss on their personal tax returns.

With Respect to Taxes,a Partnership Is a Pass-Through Entity