INSIGHT: Pass-Through Deduction Regulations and Partnership Basis Adjustments—Further Revisions Needed | McDermott

INSIGHT: Pass-Through Deduction Regulations and Partnership Basis Adjustments—Further Revisions Needed

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David Sherwood and Kevin Hall authored this bylined article on the treatment of Section 743(b) adjustments with respect to partnership property under the final Section 199A “pass-through deduction” regulations. They discuss the unexpected results of the current formulation and offer recommendations for further revisions.