"tax basis" Capital Account

[Scientist]

What are the capital accounts?

Organization costs are amortized and syndication costs are capitalized. Why?

Syndication is an asset account? an owner's equity account?

[BOB W]

No......,

..... Organizational Costs are Capitalized and then Amoritized. Synd costs are capitalized and then amoritized.

The word "capitalized" does not mean a capital account, although, it may end up being part of the capital account. A capital account is a credit account. A capitalized expense is a debit account.

[Unregistered]

Syndication cost can be amortized?

What is the difference between syndication cost and organization cost?

[BOB W]

Read This..........

................. web site.

http://www.ahpplc.com/Reference/articles/the_elusive_treatment_of_partnership_syndication_costs.htm