2.09.1 Partnership Operations and Partner's Taxable Income (1)

Question 問題、
Bridget and Brenda formed B & B Partnership in Year 1 as equal partners. They closed the business during Year 5 because it was not profitable. After the partnership closed, they had debts to pay. Because Bridget was insolvent, she paid only part of her share of the partnership's debts. Brenda was required to pay all of the remaining debts during Year 5. Which of the following statements reflects the correct treatment of the debts paid by Brenda on her tax return for Year 5?

A. She cannot deduct any of the debt she paid.

B. She can deduct only her payment of her share of the debt as a bad debt.

C. She can deduct all of the debt she paid as a bad debt.

D. She can deduct only her payment of Bridget's share of debt as a bad debt.

The correct answer is 正解は、[D. She can deduct only her payment of Bridget's share of debt as a bad debt.]
パートナーシップの負債に対し、パートナーが持分を超える返済を行った場合、超過部分は貸倒損失として控除できる。