we share of the loss or deduction." Man be in the same proportion as er the partn PROBLEMS BLEMS d B each contribute $100,000 upon formation of a limited partner A and B each line cost reco office bupartner $10 neral partner and B is a limited partner. T ip, A is a general part ship, ases an office building on leased land for $200,000 and elects straight- hases he partnership recovery Assume (for simplicity) that the property has a 10-year st very p eriod. The partnership agreement allocates all items of income and loss e and loss recoloss equally with the exception of the cost recovery deductions, which 97, See Reg. 1.1245-1(e)(2)(iii) Ex- 100, Reg. 1.704-1(b)(4)(ii), See Reg. ample 1. 1.704-1(b)(5) Example (11), illustrating 08. See Reg. 1.1245-1(e)(2)(iii) Ex- this principle in the context of the targeted ample 2(i) & (ii). jobs credit. 99, Reg. 1.704-1(b)(4)(ii)