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PARTNERSHIP INCOME 5P-2 a. $10,000 in long-term capital gain. b. $3,000 in dividends from a domestic corporation. c. $2,000 of a bad debt recovery. d.
PARTNERSHIP INCOME 5P-2 a. $10,000 in long-term capital gain. b. $3,000 in dividends from a domestic corporation. c. $2,000 of a bad debt recovery. d. $40,000 expenditure for property qualifying for $ 179. $40,000 in depreciation expense, the first $10,000 of which is specially allocated to the limited partners by the partnership agreement. f. $30,000 in investment interest expense. $200,000 treasure trove (under Regulation $ 1.61-14). h. $43,000 of $ 162 expense. 3. D, a wealthy individual, and H, Inc. form a limited partnership in which they share profits, losses, and capital in a 99 percent - 1 percent ratio. The primary purpose for selecting the limited partnership vehicle is to maximize protection from personal liability, while avoiding an additional tax at the entity level. Does such an arrangement violate the anti-abuse Regulation? PARTNERSHIP INCOME 5P-2 a. $10,000 in long-term capital gain. b. $3,000 in dividends from a domestic corporation. c. $2,000 of a bad debt recovery. d. $40,000 expenditure for property qualifying for $ 179. $40,000 in depreciation expense, the first $10,000 of which is specially allocated to the limited partners by the partnership agreement. f. $30,000 in investment interest expense. $200,000 treasure trove (under Regulation $ 1.61-14). h. $43,000 of $ 162 expense. 3. D, a wealthy individual, and H, Inc. form a limited partnership in which they share profits, losses, and capital in a 99 percent - 1 percent ratio. The primary purpose for selecting the limited partnership vehicle is to maximize protection from personal liability, while avoiding an additional tax at the entity level. Does such an arrangement violate the anti-abuse Regulation
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