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Cancellation of Debt Income from a partnership
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cpa72
Level 3
yesterday
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Good afternoon,
I am working on a partnership tax return with one general partner and several limited partners. It has cancellation of debt income to pass through to the partner(s).
Does the CODI pass through to all the partners (general and limited) or just the general partner?
I thank you in advance for your input.
Thank you!
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