NYSBA Recommends Options for Allocating TCJA’s Interest Expense - McDermott Will & Emery

NYSBA Recommends Options for Allocating TCJA’s Interest Expense

Overview


John Lutz, who helped draft a New York State Bar Association Tax Section report recommending how future guidance to address Section 163(j) issues in light of the Tax Cuts and Jobs Act, said that determining the appropriate allocation methods for interest expense will prove incredibly complex, in part to address exemptions from Section 163(j).