Multiple Choice
How does a partnership make a tax election for the current year?
A) Partnerships make certain tax elections by filing a separate form with the IRS.
B) Partnerships do not make tax elections. Partners must make tax elections separately.
C) Both Partnerships make certain elections automatically by simply filing their returns and Partnerships make certain tax elections by filing a separate form with the IRS.
D) Partnerships make certain elections automatically by simply filing their returns.
E) Partnerships do not need to file anything to make a tax election.
Correct Answer:

Verified
Correct Answer:
Verified
Q51: Which of the following items will affect
Q52: Lloyd and Harry, equal partners, form the
Q53: Tim, a real estate investor, Ken, a
Q54: Frank and Bob are equal members in
Q57: Sarah, Sue, and AS Inc. formed a
Q58: On June 12, 20X9, Kevin, Chris, and
Q60: Which of the following does not represent
Q67: A partner can generally apply passive activity
Q92: A purchased partnership interest has a holding
Q112: Tax elections are rarely made at the