Page 54 - Large Business IRS Training Guides

Partnerships
2

section 59A applies at the partner level and
Generally,

of section 59A should be interpreted
the provisions
consistent
with this approach

• Any amount paid or accrued by a partnership is

treated as paid or accrued by
each partner based on

the partner’s distributive share

• Small
partner exception

• Any amount paid or accrued to a partnership is

treated as paid or accrued to each partner
based on
the partner’s distributive share

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