Question: True or False? Under section 7 0 4 ( c ) regulations traditional method with curative allocations, if a partnership does not have items enough

True or False?

Under section

704 (

)

regulations

traditional method with curative

allocations, if a partnership does not have items enough in amount and character to equalize the books and allocations of the non

-

contributing partners, the partnership is not permitted to make any remaining curative allocation in the subsequent tax years that it has such sufficient items.

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