Author Question: Partners can deduct their portion of partnership losses from their personal income. Indicate ... (Read 47 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
Partners can deduct their portion of partnership losses from their personal income.
  Indicate whether the statement is true or false

Question 2

Discuss the requirements for a valid prenuptial agreement.



alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

TRUE

Answer to Question 2

The agreement should be presented in advance. The spouses should have independent counsel and a chance to review the agreement. There should be knowledge about the extent of the spouse's estate.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

For a complete list of videos, visit our video library