The income from a partnership is taxed as the personal income of the partners.

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The income from a partnership is passed through to the individual partners, who then report it on their personal tax returns and pay taxes on it at their individual tax rates. This is known as pass-through taxation, and it is a characteristic of partnerships and certain other types of business entities. Therefore, the income from a partnership is taxed as the personal income of the partners.

The Income from a Partnership Is Taxed as the Personal