UPDATED – Carried Interest Deduction Remains Intact Under New Law by John G. Ebenger, CPA
Posted on August 10, 2022 by John Ebenger
The sweeping Inflation Reduction Act approved by Congress and signed into law on Aug. 16, 2022, did not include any of the previously proposed restrictions to the beneficial tax treatment of carried interest typically paid to general partners, fund managers or others in connection with their performance. Consequently, qualifying taxpayers may continue to treat carried […]