Question
Allocations of income based on class
We have a partnership this year, who bought rental property in two different states. They want income allocated to two of the partners based on location of property. E.g., partner in Florida is allocated income from rental properties in Florida.
I was hoping there may be a way to allocate/create classes of income, then assign the class to a specific partner, Rather than using - Special Allocations - Screen 29 by an amount or percentage. Does anyone know if this is possible?
