Why are special allocations either permitted or required for the partners in a partnership, yet are not

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Why are special allocations either permitted or required for the partners in a partnership, yet are not permitted or required for the shareholders in a C corporation or an S corporation?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

ISBN: 1389

41st Edition

Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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Question Posted: Sep 09, 2015 07:02 AM

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Why are special allocations either permitted or required for the partners in a partnership, yet are not

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Section 704c provides for a mandatory special allocation if a partner contributes an asse...View the full answer

South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts

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