The character of each separately stated item is determined at the partner level.
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Q1: A general partner's share of ordinary business
Q2: The least aggregate deferral test uses the
Q3: The term "outside basis" refers to the
Q5: Partners must generally treat the value of
Q6: Partners adjust their outside basis by adding
Q7: Tax elections are rarely made at the
Q8: A partner's outside basis must first be
Q9: Guaranteed payments are included in the calculation
Q10: An additional allocation of partnership debt or
Q11: Partnership tax rules incorporate both the entity
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