Finanse publiczne · 12/12/1996

Allocations of Depreciation Recapture Among Partners in a Partnership

The IRS has proposed new regulations requiring partnerships to allocate depreciation recapture gains among partners, with the amount allocated to each partner being the lesser of their share of total gain from the sale of the property or their share of depreciation from the property. The proposed rules, which affect partnerships and their partners, are set to be implemented in the near future.