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Write a 1 2 page paper that covers the various types of allocation rules that apply to income and deductions from contributed property to a
Write a page paper that covers the various types of allocation rules that apply to income and deductions from contributed property to a partnership and or S corporation. Explain the other limitations that might come into play and how these would impact the allocations. Also include an explanation around depreciation recapture and credits, as well as how these are treated. Include at least one reference in the paper, in addition to comments and thoughts on the required content.
Write a page paper that covers the various types of allocation rules that apply to income and deductions from contributed property to a partnership and or S corporation. Explain the other limitations that might come into play and how these would impact the allocations. Also include an explanation around depreciation recapture and credits, as well as how these are treated. Include at least one reference in the paper, in addition to comments and thoughts on the required content.
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