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QUESTION

Shifting allocations most often arise as a result of which of the following?A partner with capital losses being allocated capital gainsA partner with capital losses being allocated ordinary incomeA pa

Shifting allocations most often arise as a result of which of the following?

A partner with capital losses being allocated capital gains

A partner with capital losses being allocated ordinary income

A partner with ordinary income being allocated capital losses

A partner with Section 1231 losses being allocated Section 1232 gainsĀ 

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ANSWER

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