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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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