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Carter McBride
Carter McBride, CPA
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Partner C has a capital loss of $90,000 and has knowledge

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Partner C has a capital loss of $90,000 and has knowledge that the partnership will have large capital gains for the year. The other partner, D, is in a low tax bracket. Which of the following might not be considered as a shifting allocation?Allocations of capital gains to C and interest income to partner D
Allocations of capital gains to C and ordinary income to partner D
Allocations of capital losses to D and Section 1231 gains to partner C
Allocations of depreciation to C

Allocations of depreciation to C

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