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Agenda Item No. 10.20 Application No. 14091 THE CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE July 16, 2014, Staff Report REQUEST FOR A QUALIFIED PRIVATE ACTIVITY BOND ALLOCATION FOR A QUALIFIED RESIDENTIAL

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What is form amount of allocation?

Form amount of allocation is used to report the amount allocated to each partner in a partnership for tax purposes.

Who is required to file form amount of allocation?

Partnerships are required to file form amount of allocation to report the allocation of income, deductions, and credits to each partner.

How to fill out form amount of allocation?

Form amount of allocation is typically filled out by the partnership's tax preparer or accountant using the information provided by the partners.

What is the purpose of form amount of allocation?

The purpose of form amount of allocation is to ensure that each partner reports the correct amount of income, deductions, and credits on their tax return.

What information must be reported on form amount of allocation?

Form amount of allocation must include each partner's share of income, deductions, and credits for the tax year.

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