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In order to use the safe harbor for allocations of non-recourse deductions______.the partnership must have a partnership agreement that satisfies the basic or alternative test
In order to use the safe harbor for allocations of non-recourse deductions______.the partnership must have a partnership agreement that satisfies the basic or alternative test for economic effect.nonrecourse deductions must be allocated consistently with other deductions relative to the property financed by the nonrecourse debt.the partnership agreement must contain a minimum gain chargeback provision.the partnership agreement must contain a minimum gain chargeback provision.all of the above are true
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