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Who pays the tax in a partnership 2024?
partnership pay taxes partnership
Questioner：Lily Brooks 2023-05-08 00:39:35
The most authoritative answer in 2024
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Madison Turner——Studied at Stanford University, Lives in Silicon Valley. Currently leading a team of software engineers at a tech startup.
Though a partnership doesn't pay taxes on its profits, it does declare its operating losses and profits to the IRS in Form 1065. The partnership must also send Form K-1 to owners that states profits/losses allocated to each partner (the K-1 is reported on line 17 of your personal tax return 1040).read more >>+119962023-05-11 00:39:35
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