Which of the following is an election or calculation made by the partner rather than the partnership?
A)The amount of the § 199 (domestic production activities)deduction related to partnership activities.
B)The taxable year of the partnership.
C)The depreciation method used for partnership property.
D)Amortization of organizational and startup expenses incurred by the partnership.
E)All of the above elections are made by the partnership.

Question

Quizplus · Accepted Answer

The § 199 deduction is a deduction taken by individual partners on their individual tax returns, not by the partnership itself. Therefore, the election of the amount of the deduction is made by the partner rather than the partnership.

Which of the Following Is an Election or Calculation Made