Promotes are taxed as capital gains, making issue critical to industryClosing the carried-interest loophole is a game of Whac-a-Mole the Democrats just can’t seem to win. And real estate players won’t shed any tears about that. ...moreCarried-interest income is what private-equity and hedge-fund players make when their investments are sold at a profit. This income is taxed as a long-term capital gain, at a lower rate than ordinary income. Crucially for real estate, “promotes,” the share of profits that developers and fund managers get from a project, are treated as carried interest. RSK: Score one for real estate investments. | ||
Share this article on you social outlets | ||
Our Sponsors - - Volume: 10 - WEEK: 33 Date: 8/9/2022 10:16:56 AM - |