Why do you think services are excluded from the definition of property when a partner receives a

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Why do you think services are excluded from the definition of property when a partner receives a partnership interest in exchange for property?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Taxation For Decision Makers 2014

ISBN: 9781118654545

6th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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