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QUESTION
The provisions of IRC 704(b) apply to which of the following allocations?Bottom-line allocations of a partner's capital accountBottom-line allocations of partnership lossesIncome allocations of IRS au
The provisions of IRC 704(b) apply to which of the following allocations?
Bottom-line allocations of a partner's capital account
Bottom-line allocations of partnership losses
Income allocations of IRS audit adjustments
Item allocations of partnership debt
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