There is double taxation of partnership income, once as the partnership earns it, and once as the money is distributed to the partners.

Name: There is double taxation of partnership income, once as the partnership earns it, and once as the money is distributed to the partners.
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Quizplus · Accepted Answer

There is no double taxation of partnership income as the partnership itself is not taxed. Instead, the income is passed through to the partners who report it on their individual tax returns and pay taxes only once.

There Is Double Taxation of Partnership Income, Once as the Partnership