Organizational expenses.

Organizational expenses. Section 709(b)(2) of the Internal Revenue Code defines organizational expenses as expenses which:
(1) Are incident to the creation of the partnership;
(2) Are chargeable to capital account; and
(3) Are of a character which, if expended incident to the creation of a partnership having an ascertainable life, would (but for section 709(a)) be amortized over such life.


26 CFR § 1.709-2

Scoping language

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