The expenses and fees incurred by the special partnership for its organization, or to promote the sale of, or to sell an interest in such special partnership, shall be treated as deferred expenses allowable as a deduction proportionately over a period of not less than sixty (60) months beginning with the first month in which the partnership begins its operations. The Secretary shall prescribe by regulation the application of this section. History —Jan. 31, 2011, No. 1, § 1114.08, retroactive to Jan. 1, 2011.
Puerto Rico Legal Code