Discussion Post
a) Your clients are expressing interest in forming a partnership to sell rare books through bookstores across the county. They are not aware of the complexities concerning partnership tax.
b) Chose two to three areas of partnership tax (for example, basis, contributions, accounting periods, accounting methods, gain recognition, and/or losses) and explain to your client how they may apply to their situation.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.