Under the "check the box" regulations, any unincorporated business having two or more owners and that does not elect to be taxed as a corporation will be treated as a partnership.
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Q11: The contribution of depreciated property in a
Q12: A partner's share of liabilities is generally
Q13: General partnerships are owned solely by two
Q14: An individual who contributes services in exchange
Q15: A contributing partner's holding period for an
Q17: Partners may agree to specially allocate any
Q18: Owners of investment property can elect that
Q19: An individual who contributes services in exchange
Q20: Special allocations of depreciation, depletion, gain, and
Q21: A 70 percent partner has a $5,000
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