Page 201 - Large Business IRS Training Guides

Partner

• A partner’s share of partnership interest

expense that was deductible under IRC § 163(j)

at the partnership level is not subject to the

limitation under IRC § 163(j) at the partner’s

level.

• A partner that is allocated EBIE is required to

file a Form 8990 to report the EBIE, even if the

partner is not subject to IRC § 163(j) on its own

interest expense.

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