Which of the following does not represent a tax election available to either partners or partnerships?
A) Electing to immediately expense depreciable property under Section 179.
B) Electing to amortize organization costs.
C) Electing to expense a portion of syndication costs.
D) Electing to change an accounting method.

Question

Quizplus · Accepted Answer

Syndication costs are not deductible or amortizable; they must be capitalized and cannot be expensed or amortized.

Which of the Following Does Not Represent a Tax Election