A Partnership's Interest Expense Deduction Is Limited by the 30

A partnership's interest expense deduction is limited by the 30% of adjusted taxable income limitation.The excess interest expense

A) is carried over by the partnership and applied against future partnership taxable income.
B) is carried over by the partner as a net operating loss.
C) is allocated to the partners to be used in the partner's succeeding tax years when excess limits are allocated.
D) is lost.