Which of the following statement is false?

A.The partnership's beginning tax basis in property it receives from a partnerin exchange for an interest in partnership capital is the contributing partner's adjusted basis in the property.

B.In a general partnership all the partners are classified as "general partners," each of whom has unlimited liability for the debts of the partnership.

C.The entity will be considered a partnership, an association of two or more persons carrying on as co-owners a business

D.The tax laws allow partners to include as part of the tax basis in their partnership interests their respective shares of partnership liabilities.