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    Taxation of Business Entities
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    Exam 9: Forming and Operating Partnerships
  5. Question
    The Character of Each Separately-Stated Item Is Determined at the Partner
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The Character of Each Separately-Stated Item Is Determined at the Partner

Question 48

Question 48

True/False

The character of each separately-stated item is determined at the partner level.
The partnership reports the amount and character of items of income and loss flowing through the partnership.

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