A partnership is a business or investment vehicle that has at least two owners.
It can have more than two owners of which at least one is a US person, but it must have at least two owners and if it does it then files an annual tax return in the United States, which is really information only, for the partnership and on that document that tax filing is a form called K1 and on the K1 each partner’s flow-through tax items are shown.
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