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SE Tax for Limited Partners

BobKamman
Level 15

There was an interesting Tax Court decision in a case involving this issue, which was blogged here:

https://taishofflaw.com/2023/11/28/as-such/

Which is easier to read than the opinion itself, available here:

https://assets.kpmg.com/content/dam/kpmg/us/pdf/2023/11/tnf-tax-court-soroban-nov28-2023.pdf 

I predict there will be two or three questions posted here in 2024, about this issue.  The answer, of course, is "depends on facts and circumstances."

1 Comment 1
sjrcpa
Level 15

This was easy reading, too.

Tax Court Poised to Determine Who is a Limited Partner Under §1402(a)(13) (mailchi.mp)

The more I know, the more I don't know.