Regulations Determine Partnership Distributive Shares When Ownership Changes

“The IRS issued final regulations on determining partners’ distributive shares of partnership items when a partner’s interest varies during the partnership’s tax year.”  Sally P. Schreiber, a senior editor for the Journal of Accountancy^®, explains the exceptions and methods the proposed regulation influences.

To find out more on The Tax Adviser^® article, click: Regulations Determine Partnership Distributive Shares When Ownership Changes.