Who pays the tax-the partnership or able

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Reference no: EM131868067

Able, Baker, and Carr own, as partners, a warehouse. The income from the warehouse during the current year is $300,000, two-thirds of which goes to Able. Who must file a tax return listing this as income, the partnership or Able? Who pays the tax, the partnership or Able? Provide a thorough expanation.

Reference no: EM131868067

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