Title

Proposed Regulations on Partnership Allocations When Partners’ Interests Change During a Taxable Year
Client Newsflash

Created date

4/22/2009

Partners’ interests in a partnership, such as an investment fund, can change during the course of a year as a consequence of transfers and redemptions of interests and the admission of new partners. The Treasury Department has recently issued proposed regulations that address how a partnership must make allocations for a taxable year in which the partners’ interests change.