For which of the following is income not taxed on the individual return?
A)Subchapter S corporation
B)Limited liability partnership
C)Partnership
D)Income is taxed on the individual return for all of the above
E)Income is not taxed on the individual return for all of the above

Question

Quizplus · Accepted Answer

Income from Subchapter S corporations, Limited Liability Partnerships (LLPs), and partnerships is passed through to the owners or partners and taxed on their individual tax returns, not at the entity level.

For Which of the Following Is Income Not Taxed on the Individual