US Code · Through Public Law 119-103 (09/02/2026)

26 U.S.C. § 701: Partners, not partnership, subject to tax

Where this section sits in the code

Title 26—INTERNAL REVENUE CODE
CHAPTER 1—NORMAL TAXES AND SURTAXES

A partnership as such shall not be subject to the income tax imposed by this chapter. Persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities.

Collected 2026-09-10T05:58:25Z. Source file · JSON

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