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Expressing interest in forming partnership to sell rare book

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Reference no: EM133151017

Your clients are expressing interest in forming a partnership to sell rare books through bookstores across the county. They are not aware of the complexities concerning partnership tax.

Chose two to three areas of partnership tax (for example, basis, contributions, accounting periods, accounting methods, gain recognition, and/or losses) and explain to your client how they may apply to their situation.

Reference no: EM133151017

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