What types of expenditures might a new partnership incur? How are those costs treated for Federal tax purposes? In the chart below, for each expenditure listed, select the tax treatment for that expenditure and the applicable Code section.

Type of Expenditure: Acquisition of property Treatment:____ Reference: _____

Type of Expenditure: Startup expenses Treatment: ______Reference:______

Type of Expenditure: Organization costs Treatment:________ Reference:_____

Type of Expenditure: Syndication costs Treatment:_______ Reference:________

Type of Expenditure: Goodwill and similar intangible assets Treatment:________ Reference:_________

Type of Expenditure: Other intangibles Treatment:______ Reference:_____

Type of Expenditure: Ordinary and necessary post-operating business expense Treatment:______ Reference:_______