Question: DEF, LLC. has a qualified income offset provision to B in the amount of $1,000. At the start of the year, E has a 704(b)

  1. DEF, LLC. has a qualified income offset provision to B in the amount of $1,000. At the start of the year, E has a 704(b) capital account balance of $350. Assuming the only item of activity in the partnership is a depreciation deduction of $2,500, how much of this depreciation can be specially allocated to E?

    $2,500

    $1,000

    $350

    $1,350

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