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