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    Taxation of Individuals
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    Exam 20: Forming and Operating Partnerships
  5. Question
    Nonrecourse Debt Is Generally Allocated According to the Profit-Sharing Ratios
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Nonrecourse Debt Is Generally Allocated According to the Profit-Sharing Ratios

Question 60

Question 60

True/False

Nonrecourse debt is generally allocated according to the profit-sharing ratios of the partnership.

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