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Business, 10.09.2020 03:01 BreBreDoeCCx

A correct statement concerning a real estate limited partnership is that: (A)The ordinary and necessary expenses of the general partner(s) in operating the business are completely nondeductible. (B)Management expertise and economic soundness are among the factors that should be considered in evaluating real estate limited partnerships. (C)Hard costs such as those incurred by a partnership in acquiring land are wholly deductible as they occur. (D)A corporation cannot be a general partner since a corporation has limited liability.

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