In determining the taxable income (or loss) of a partnership, which, if any, of the following items must be considered?

Question

Quizplus · Accepted Answer

Guaranteed payments to partners must be considered when determining taxable income or loss of a partnership. The other items listed (domestic production activities deduction, charitable contributions, and qualified dividend income) are not relevant to partnership taxable income.

In Determining the Taxable Income (Or Loss) of a Partnership