Tax credits generated by a limited partnership benefit the limited partners by
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 2MC: Any assets invested by a particular partner in a partnership ________. A. do not become a...
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![Tax credits generated by a limited partnership benefit the limited partners by
A) reducing tax liability dollar for dollar..
B) adding to the appreciation of the real estate properties.
C) reducing tax liability, but only in energy programs.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F835004d5-24b9-4762-8ae2-efc7b63f6201%2F15a467aa-847e-430f-af4d-0415abf211b5%2Foq8nk46_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Tax credits generated by a limited partnership benefit the limited partners by
A) reducing tax liability dollar for dollar..
B) adding to the appreciation of the real estate properties.
C) reducing tax liability, but only in energy programs.
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