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Marcy Geller Quoted in Bloomberg BNA on IRS Clarification for Carried Interest Rules
05.18.18
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Tax Partner Marcy Geller was quoted in a Bloomberg BNA article about new internal IRS guidance aimed at clarifying the three-year carried interest statute’s application for assets and partnership interests. The article, titled “IRS Floating Draft of Carried Interest Rules,” discussed the need for clarification around whether the carried interest time limit applies to an asset held by a partnership interest or the partnership interest itself. Marcy said she interpreted the “with respect to” language in the statute to mean it applied to both assets and partnership interests and noted the need for clarification on other phrases as well.
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