A warehouse owned by M&S (a partnership) and used in its business (i.e., to store inventory) is
a. Identify the relevant tax issues for M&S.
b. Would the answer in (a) change if M&S's warehouse was property being held for investment rather than being used in its business? Explain.
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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