Tina and Rex plan to form the TR Partnership to acquire, own, and manage a certain rental

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Tina and Rex plan to form the TR Partnership to acquire, own, and manage a certain rental real estate property. The financial information has been accumulated into an Offering Memorandum that is currently being brokered to investors (for a 6% commission). What types of costs is the partnership likely to incur? How will those costs be treated?
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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South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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