The partner (rather than the partnership) will make which one of the following elections?
A) Election to claim straight line depreciation.
B) Election to claim a credit or deduction for foreign taxes paid.
C) Election to claim a low-income housing credit.
D) Election to claim a §179 deduction for certain property placed in service during the year.
E) The partner makes any of the above elections.

Question

Quizplus · Accepted Answer

The election to claim a credit or deduction for foreign taxes paid is made at the partner level, not the partnership level.

The Partner (Rather Than the Partnership) Will Make Which One