Partners Should Report Outside Basis, Tax Attys Tell IRS
By Theresa Schliep · July 29, 2020, 6:56 PM EDT
Individual partners, not their partnerships, should be responsible for reporting their basis in their partnership interest on tax forms, the American Bar Association Section of Taxation said Wednesday in a letter...
To view the full article, register now.
Try a seven day FREE Trial
Already a subscriber? Click here to login