It is my opinion that the placement fee is added to the investment and realized upon sale of the investment and not currently deductible.
TUSA & ASSOCIATES CPA, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
1818 BELLMORE AVENUE
BELLMORE, NEW YORK 11710
PAUL D. TUSA, CPA, MBA
FINANCIAL & TAX ADVISOR
D: 516-785-4999 Ext. 12
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