If the Partnership Properly Makes an Election for Treatment of a Specific

question 57

True/False

If the partnership properly makes an election for treatment of a specific tax item, the partner is bound by that treatment.

---

Definitions:

Stress Tolerance

The ability of an organism or system to withstand and adapt to stress or adversity.

Flexibility

The quality of being able to adapt to new, different, or changing requirements.

Social Responsibility

A duty every individual or organization has to perform so as to maintain a balance between the economy and the ecosystems.

Self-actualization

The act of achieving one's full talents and capabilities, regarded as an essential desire or requirement in every person.