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CFTE |
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In addition, the final regulations' safe harbor uses a three-step process to determine the distributive share of income to which a CFTE relates. 704-1(b)(2), and provide a safe harbor under which allocations of CFTEs will be deemed to be in accordance with the partners' interests in the partnership (if CFTE allocations are in proportion to the distributive shares of income to which they relate). |
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