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Partner C has a capital loss of $90,000 and has knowledge that the partnership will have large capital gains for the year. The other partner,
Partner C has a capital loss of $90,000 and has knowledge that the partnership will have large capital gains for the year. The other partner, D, is in a low tax bracket. Which of the following might not be considered as a shifting allocation?
A. Allocations of capital gains to C and interest income to partner D
B. Allocations of capital gains to C and ordinary income to partner D
C. Allocations of capital losses to D and Section 1231 gains to partner C
D. Allocations of depreciation to C
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