Which of the following is an election or calculation made by the partner rather than the partnership?
A) Calculation of a § 199A (qualified business income) deduction amount.
B) Tax treatment (e.g., credit, amortization) of research and experimental costs.
C) The partnership's overall accounting method.
D) Whether to claim a § 179 deduction related to property acquired by the partnership.
E) All of these elections are made by the partnership.

Question

Quizplus · Accepted Answer

The § 199A deduction, also known as the qualified business income deduction, is calculated at the partner level, not at the partnership level. This allows individual partners to apply their specific circumstances, such as taxable income limits, in determining the deduction amount.

Which of the Following Is an Election or Calculation Made