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Author Question: Realto LLC is a tax partnership which has four equal partners. The LLC holds highly appreciated real ... (Read 36 times)

dakota nelson

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Question 1

New business owners expecting losses in the early years will generally prefer the partnership (or LLC) form of business over the C and S corporation forms.
◦ true
◦ false

Question 2

Realto LLC is a tax partnership which has four equal partners. The LLC holds highly appreciated real estate in midtown Manhattan. Trina is about to purchase a 20% ownership interest in the LLC. To minimize her future tax burden as a partner, she should negotiate a Sec. 754 election with the current partners.
◦ true
◦ false


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Marked as best answer by dakota nelson on Sep 13, 2020

jliusyl

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dakota nelson

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


yeungji

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Reply 3 on: Yesterday
Wow, this really help

 

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