One of the disadvantages of the partnership form is that the partner's share of the partnership's taxable income is taxed to the partner, regardless of whether or not distributed.

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This statement is true, as the partnership itself is not taxed as a separate entity like a corporation. Instead, profits and losses are allocated to each partner according to their ownership percentage, and are reported on their individual tax returns, regardless of whether or not the profits were actually distributed to them.

One of the Disadvantages of the Partnership Form Is That