The U.S. Internal Revenue Service’s newly proposed regulations on carried interest are attracting scrutiny of industry experts, who are trying to formulate long-term advice on the redrawing the short-term capital gains map.
At the end of July, the Treasury Department published proposed regulations on the “three-year carry rule.” The proposed regulations have been set up to offer insight over areas that were left open to interpretation since the enactment of legislation commonly referred to as the Tax Cuts and Jobs Act in 2017.
The new regulations stipulate that if an . . .
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