Question: The Section 754 election allows a partnership to elect to: Question 30Select one: a. Increase a partner's basis in the partnership. b. Adjust the basis

The Section 754 election allows a partnership to elect to: Question 30Select one: a. Increase a partner's basis in the partnership. b. Adjust the basis of partnership property when it is distributed to a partner. c. Elect to expense rather than depreciate certain items. d. Elect to be treated as an ELP

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