Western High Country, LLC, is a limited liability company that has elected to be treated as a

Question:

Western High Country, LLC, is a limited liability company that has elected to be treated as a partnership for federal income tax purposes. The company operates a copy center in Pennsylvania and a copy center in California. Which statement is incorrect?
a. Because of their geographic separation, the two businesses can be treated as two separate activities.
b. Because of the similarity of the businesses, the copy centers can be treated as one activity.
c. Because of their geographic separation the businesses must be treated as separate activities.
d. The partnership can choose how to group the activities, within certain parameters.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: