Page 185 - Large Business IRS Training Guides

Objectives 6

At the end of Parts 8 and 9, you will be able to:

• Identify rules applicable to S corporations and

partnerships,

• Identify what items pass-through to investors.

• Determine the treatment of a partnership’s

excess business interest expense (EBIE), and

• Distinguish the difference in the IRC § 163(j)

limitation between various types of

partnerships and partners.

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