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

Question

Quizplus · Accepted Answer

Syndication costs are not eligible for expensing or amortization and therefore cannot be elected to be expensed by partners or partnerships. These costs are considered to be capital expenditures.

Which of the Following Does Not Represent a Tax Election