Lettuce Partners was formed and began operations on January 1 of the current tax year. It incurred $10,000 of organizational expenses, $80,000 of startup expenses, and $5,000 of syndication costs. Which of the following statements is correct regarding these items?

A) The syndication costs are immediately deductible.

B) Lettuce Partners may deduct $5,333 in organizational costs in the first year.

C) Lettuce Partners startup expenses are amortized over 60 months.

D) Lettuce Partners may deduct $10,000 of startup expenses in the first year.

E) None of the above statements are true.