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Dec 09, 2009

Taxation of Carried Interests

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On December 9 the House of Representatives passed the Tax Extenders Act of 2009 that would, among other things, tax carried interests at the rates applicable to ordinary income (rather than permitting capital gain treatment to apply, as is the case under current law). The House legislation would apply to net income earned in taxable years ending after December 31, 2009. It will be important to monitor action in the Senate, particularly with respect to effective dates, on any companion legislation.

Click here to view memo, Taxation of Carried Interests

Authors and Contributors

Roger Baneman

Of Counsel

Tax

+1 212 848 4894

+1 212 848 4894

New York

Laura Friedrich

Partner

Investment Funds

+1 212 848 7411

+1 212 848 7411

New York