KevinK
Level 3

Works in my case, thank you.

However if this lower tiered partnership had separate items of income versus losses, such as interest income versus RE Losses it would fail. For instance, when applying allocations of interest income, one would apply the profit sharing ratios, but items of losses would be specially allocated in my situation due to the need to specially allocate from the failed "substantial economic testing". 

 

0 Cheers