An example of the aggregate concept of partnership taxation is that the partnership makes elections related to depreciation, tax credit calculations (except the foreign tax credit), and whether to claim a § 179 deduction.

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In partnership taxation, the partnership itself does not make elections related to depreciation, tax credit calculations, or whether to claim a § 179 deduction. These decisions are made at the partner level, reflecting the aggregate concept where the partnership is treated as an aggregation of individual partners for tax purposes, rather than a separate tax entity.

An Example of the Aggregate Concept of Partnership Taxation Is