1. Which of the following is not a partnership for tax purposes? a. Willis and James purchase...

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1. Which of the following is not a partnership for tax purposes?

a. Willis and James purchase and operate a shoe store

b. Sharon and Gary operate an accounting practice together

c. Lillian and Don purchase real estate together as an investment, not as a business

d. Carlos and Michael purchase and operate a hardware store

e. All of the above are partnerships LO 10.1

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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