Which of the following statements about a publicly traded partnership is incorrect? The general...
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Accounting
Which of the following statements about a publicly traded partnership is incorrect?
The general rule is that a publicly traded partnership will be treated as a corporation for tax.
If the publicly traded partnership has qualifying income, it will be treated as a pass-through entity, passing the income/loss to partners.
Passive business losses of one publicly traded partnership may be offset by passive business income of another publicly traded partnership.
A publicly traded partnership is any partnership if interests in such partnership are traded on an established securities market or interests in such partnership are readily tradable on a secondary market
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