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If a husband and wife own property can each take the $17,500 maximum if filling separately?

April 26, 2017Filling husband maximum Property separately wife

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If a husband and wife own property can each take the $17,500 maximum if filling separately?

2 Answers

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No, “For the purposes of this section, the amount of any credit attributable to qualified buffer protection by a partnership or electing small business corporation (S Corporation) shall be allocated to the individual partners or shareholders in proportion to their ownership or interest in the partnership or S Corporation.

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No, “For the purposes of this section, the amount of any credit attributable to qualified buffer protection by a partnership or electing small business corporation (S Corporation) shall be allocated to the individual partners or shareholders in proportion to their ownership or interest in the partnership or S Corporation.”