August 18, 2021
AccountingWEB published an article by Senior Manager Brandon Blitzer about how green book changes could affect capital gains for hedge fund managers and limited partners.
AccountingWEB
By Brandon Blitzer, CPA, Senior Tax Manager, Alternative Investment Group
Excerpt:
In addition to closing the carried interest loophole, the proposal looks to increase income taxes on anyone with an adjusted gross income (AGI) in excess of $1,000,000 in a given year. Although the threshold is higher, the Biden administration did set its sights on capital interest in a fund.
