Regarding partner allocations: a. Allocations are permitted if the allocation in one tax year is required to be offset by an equal allocation in a future tax year. b. When a partnership interest is liquidated, if a partner has a positive balance in their capital account, the partner must contribute cash to the partnership. c. Schedule K-1, lines 1 to 13 reflect information the partner needs to calculate other amounts, such as alternative minimum tax. d. Qualified business income (QBI) is not reported on Schedule K or Schedule K-1. e. Extensive Regulations are designed to ensure that partner allocations do not result in undue loss to the Treasury