Acquisition-related interest means:
(c) Acquisition-related interest means:
(1)where the taxpayer is the acquiring person, as defined in section 208(15) of the Tax Law (see section 1-2.12 of this Title), interest paid or accrued by the taxpayer other than personal interest and qualified residence interest deductible f#
(1) where the taxpayer is the acquiring person, as defined in section 208(15) of the Tax Law (see section 1-2.12 of this Title), interest paid or accrued by the taxpayer other than personal interest and qualified residence interest deductible for Federal purposes under section 163 of the Internal Revenue Code;
(2)where a partnership, estate or trust or S corporation is the acquiring person and where the taxpayer is a member of such partnership, a beneficiary of such estate or trust or a shareholder in such S corporation, the taxpayer's distributive#
(2) where a partnership, estate or trust or S corporation is the acquiring person and where the taxpayer is a member of such partnership, a beneficiary of such estate or trust or a shareholder in such S corporation, the taxpayer's distributive or pro rata share of interest paid or accrued by such partnership, estate, trust or S corporation.