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Tax Reform Swings a Hand Ax at Carried Interests; What Does it Mean and How Can I Plan Around It?

November 17, 2017 Compensatory Property Transfers

While tax reform has a long march before becoming law, the amended House of Representatives bill passed yesterday swings an ax at lower-tax-rate-capital-gain-eligible “carried” partnership interests, though it swings a smaller ax—like a hand ax rather than a full-sized ax—than proposals in years past. This latest proposal focuses on limited…