Tax elections are rarely made at the partnership level.
In formulating partnership tax law, Congress adopted an entity and aggregate approach. Most tax elections for a partnership are made at the partnership level. The requirement that partnerships make most tax elections represents the entity concept.

Question

Quizplus · Accepted Answer

The second line of the given text states that "Most tax elections for a partnership are made at the partnership level." This means that tax elections are not rarely made at the partnership level, but rather are typically made at that level.

Tax Elections Are Rarely Made at the Partnership Level