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What can partners contribute to establish a capital account

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Reference no: EM131200768

Tax Issues

In a two to three page summary, describe;

• What is the Partner's capital account?
• What can Partners' contribute to establish a capital account?
• What is the profit and loss allocations? What document is the ratio found in?
• Provide examples of different income ratios and explain why they differ.

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In the given assignment we have discussed about the various tax issues which are faced in the partnership form of business. we have explained what is partner's capital account, what contributions are made by partners in the capital account, allocation provision for profit and loss and examples of different income ratios.

Reference no: EM131200768

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