Title 26, Internal Revenue CodeRelease 119-102
§701 Partners, Not Partnership, Subject to Tax
Title 26 › Subtitle A — Income Taxes › CHAPTER 1 — NORMAL TAXES AND SURTAXES › Subchapter K — Partners and Partnerships › PART I — DETERMINATION OF TAX LIABILITY › § 701
Summary
A partnership itself does not pay the income tax described here. Each person who is a partner must report and pay tax on their own share of the partnership’s income.
Full Legal Text
Title 26, §701
Internal Revenue Code, Source: USLM XML via OLRC
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.
Reference
Citations & Metadata
Citation
26 U.S.C. § 701
Title 26, Internal Revenue Code
Last Updated
Aug 21, 2026
Release point: 119-102