1. If the election to expense or amortize is not made, then how will organizational expenses be treated by the partnership?

2. Please List 3 kinds of nondeductible syndication costs

3/ How is a Sec. 707payment to the partner for services treated by the partner and the partnership?

4. When will it be recognized by a cash basis partner and be deducted by a partnership?

5. And what about the guaranteed payment for services treated by the partner and the partnership? When is it recognized or deducted?