If a partnership properly makes an election for treatment of a specific tax item, the partner is bound by that treatment.

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When a partnership makes an election for the treatment of a specific tax item, the partners are bound by that election and must treat the item in the same way on their individual tax returns. This is because the partnership, not the individual partners, is the tax-reporting entity for federal income tax purposes.

If a Partnership Properly Makes an Election for Treatment of a Specific