What types of expenditures might a new partnership incur? How are those costs treated for Federal tax
Question:
What types of expenditures might a new partnership incur? How are those costs treated for Federal tax purposes? In the chart below, for each expenditure listed, select the tax treatment for that expenditure and the applicable Code section.
Type of Expenditure: Acquisition of property Treatment:____ Reference: _____
Type of Expenditure: Startup expenses Treatment: ______Reference:______
Type of Expenditure: Organization costs Treatment:________ Reference:_____
Type of Expenditure: Syndication costs Treatment:_______ Reference:________
Type of Expenditure: Goodwill and similar intangible assets Treatment:________ Reference:_________
Type of Expenditure: Other intangibles Treatment:______ Reference:_____
Type of Expenditure: Ordinary and necessary post-operating business expense Treatment:______ Reference:_______
South Western Federal Taxation 2016 Corporations Partnerships Estates and Trusts
ISBN: 9781305399884
39th edition
Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young