Question

  

Partner X has an abundant amount of foreign tax credits. Which of the following would not be considered as an example of shifting allocation?Allocations of all business credits to X and all foreign credits to the remaining partners

Allocations of all capital gains to X and an equal amount of capital losses to the remaining partners

Allocations of all foreign income to X and all capital gains to the remaining partners

Allocations of all foreign income to X and an equal amount of ordinary income to the remaining partners