Page 207 - Large Business IRS Training Guides
P. 207
Summary
IRC § 163(j) contains special rules that apply to
passthrough entities that differ on the treatment of
business interest expense, depending upon various
factors including:
• Whether the passthrough entity is subject to the
IRC § 163(j) limitation.
• Whether the passthrough entity meets the small
business exemption or is an excepted taxpayer, in
whole or in part.
• Whether the partner or shareholder is subject to
IRC § 163(j).
• Whether the partner is a corporation.
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