What is pass-through taxation?
Taxation of income once, at the owner level, avoiding a separate entity-level tax. The default for LLCs and partnerships and a key reason the LLC dominates real estate.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.