Why is the Internal Revenue Service concerned with how partnership agreements in real estate are structured?

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Why is the Internal Revenue Service concerned with how partnership agreements in real estate are structured?

Partnership
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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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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