tnership with respect to such credit shall be in the same proportion as 01 10SS Ol Heduction, then the partners' interests in the artner's distributive share of the loss or deduction.100 ROBLEMS A and B each contribute $100,000 upon formation of a limited partner hip. A is a general partner and B is a limited partner. The partnership urchases an office building on leased land for $200,000 and elects straight cost recovery. Assume (for simplicity) that the property has a 10-year recovery period. The partnership agreement allocates all items of income and loss equally with the exception of the cost recovery deductions, which line Reg. 1.704-1 (b)(4)(ii). See Reg. 100. 1.704-1(b)(5) Reg 1.1245-1(e)(2)(iii) Ex- See 98. See 99. 97. Example (11), illustrating ample 1 Ex- this principle in the context of the targeted Reg. 11245-1(e)(2)(iii) jobs credit. ample 2() & (ii). Reg. 1.704-1(b)(4)(ii). tnership with respect to such credit shall be in the same proportion as 01 10SS Ol Heduction, then the partners' interests in the artner's distributive share of the loss or deduction.100 ROBLEMS A and B each contribute $100,000 upon formation of a limited partner hip. A is a general partner and B is a limited partner. The partnership urchases an office building on leased land for $200,000 and elects straight cost recovery. Assume (for simplicity) that the property has a 10-year recovery period. The partnership agreement allocates all items of income and loss equally with the exception of the cost recovery deductions, which line Reg. 1.704-1 (b)(4)(ii). See Reg. 100. 1.704-1(b)(5) Reg 1.1245-1(e)(2)(iii) Ex- See 98. See 99. 97. Example (11), illustrating ample 1 Ex- this principle in the context of the targeted Reg. 11245-1(e)(2)(iii) jobs credit. ample 2() & (ii). Reg. 1.704-1(b)(4)(ii)