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Education
Ok. As noted before, the partnerships and Scorps are pass-through entities where the income that was earned (and even though you did not "benefit" from it, the income was earned by the entity) and the IRS requires that it be taxed. I guess one way to look at it is when you do receive a distribution from it, you won't be taxed at that time as you will already have been taxed on the income.
‎June 6, 2019
10:08 AM