Which of the following is an election or calculation made by the partner rather than the partnership?
A)Whether to claim a tax credit or deduction for foreign taxes.
B)Whether to capitalize, amortize, or expense research and experimental costs.
C)The taxable year of the partnership.
D)The depreciation method used for partnership property.
E)All of the above elections are made by the partnership.

Question

Quizplus · Accepted Answer

The decision to claim a tax credit or deduction for foreign taxes is made by the individual partner, not the partnership.

Which of the Following Is an Election or Calculation Made