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qualified pass-through entity

Defined in 1 place of the United States Code.

The term “qualified pass-through entity” means—

(A) a partnership (within the meaning of subchapter K of chapter 1 of the Internal Revenue Code of 1986 [26 U.S.C. 701 et seq.]);

(B) an S corporation (as defined in section 1361 of that Code);

(C) a limited liability company that does not affirmatively elect to be treated as a corporation; and

(D) a joint venture or general partnership.

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