Each time a tax improve is introduced, attain on your stopwatch: It often doesn’t take lengthy for politicians to make exceptions for associates and donors. So it’s with the so-called crackdown on carried curiosity.
As we said Tuesday, Home Democrats selected to amend fairly than finish this tax profit for sure varieties of personal fairness and real-estate funding, regardless of years of fuming about it. The draft Methods and Means tax invoice merely requires a five-year holding interval fairly than three years to get favorable tax therapy.
https://www.wsj.com/articles/another-carried-interest-carveout-real-estate-house-democrats-11631657742 | One other Carried-Curiosity Carveout – WSJ