TaxGuyBill
Level 15
07-04-2023
05:12 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I'm not sure of the answer, but wouldn't it just be a suspended expense/loss, just like if the K-1 had a loss that was limited due to Basis?
I understand your thought about a deemed capital contribution. I haven't seen anything that allows an option/election to treat UPE as a capital contribution, but maybe I just haven't heard of it.