Question

On a partnership tax return, all of the following are subject to special limitations and must be separately passed through to the partners, except: Charitable contributions MACRS depreciation expense Long-term capital gains Section 179 expense

Answer 1

Option (b) is correct. On a partnership tax return, MACRS depreciation expense are not subject to special limitations and need not be separately passed through to the partners.

Option (a) is incorrect. On a partnership tax return, Charitable contributions are subject to special limitations and must be separately passed through to the partners.

Option (c) is incorrect. On a partnership tax return, Long - term capital gains are subject to special limitations and must be separately passed through to the partners.

Option (d) is incorrect. On a partnership tax return, Section 179 expense are subject to special limitations and must be separately passed through to the partners.

Answer is b. MACRS depreciation expense