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Are U.S. Partners in a Foreign Partnership Taxed?

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Are U.S. Partners in a Foreign Partnership Taxed?

Are U.S. Partners in a Foreign Partnership Taxed?

Yes. U.S. partners of foreign partnerships are also taxed on their foreign income. And, similar to the partnership tax rules found in Subchapter K, they are taxed on their distributive share, regardless of whether an actual distribution is made.

 Are US Partners in a Foreign Partnership Taxed