Client is an individual with multiple partnerships that have rentals. The combined revenue of all the partnerships is over $25M so calculating the 163(j) for each partnership. Can election be made to elect out of the 163(j) for one of the partnerships?
Announcement
Collapse
No announcement yet.
Electing out of 163(j) for partnership
Collapse
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.