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01/14/2021
Treasury and IRS release final regulations on treatment of carried interest
As seen on Bloomberg Tax
The Treasury Department and IRS recently released final regulations governing the treatment of ‘‘carried interest’’ under tax code Section 1061. Section 1061, which was added as part of the 2017 Tax Cuts and Jobs Act (TCJA), increases the required holding period to greater than three years (as compared to the normal rule of more than one year) for fund managers to benefit from the lower long-term capital gain rates on allocations of carried interest.
The new regulations include substantial taxpayer-friendly modifications. In a newly published article for Bloomberg Tax, CohnReznick’s Moshe Biderman, Jonathan R. Collett, Robert Richardt, and Mark Papa break down the regulations.
Read their article at BloombergTax.com, or download the PDF below.
Subject matter expertise
Moshe Biderman
CPA, Partner
Jonathan Collett
CPA, Partner
Robert Richardt
CPA, Partner
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