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How is dividend and interest income calculated for partnerships?

April 26, 2017calculated dividend income partnerships

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How is dividend and interest income calculated for partnerships?

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Partnerships are treated as individuals when it comes to the dividend and interest exclusion. Dividends and interest on securities held for investment are excluded from net earnings of the partners. However, if a partnership is in business as a securities dealer, income on the securities held for resale by the partnership is included as net earnings of the partners.