Business, 09.02.2022 07:50 math31343

1. Double taxation of the income produced by the underlying real estate is most likely to occur if the commercial properties are held in the form of a(n): a. S corporation b. Limited partnership c. C corporation d. Real estate investment trust 2. Which of the following forms of ownership involve both limited and unlimited liability? a. Limited partnership b. Corporation c. General partnership d. Sole partnership 3. What are special allocation? (We will not have this kind of conceptual short answer questions, but multiple choices in quiz/exam) 4. Explain what is meant by the double taxation of income.

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