Special Commentary: State Tax Treatment of Investment Partnerships
July 29, 2022 – ArticlesBloomberg Tax
The first subject MTC staff chose and the work group endorsed for detailed analysis was “the trillions of dollars flowing through investment partnerships.” MTC staff prepared an extensive white paper, State Tax Treatment of Investment Partnerships, which is useful reading to understand the depth and breadth of the issues. Section II.B. indicates that investment partnerships, broadly defined as the finance and holding company industry segment, accounted for 70% of all reported partnership income during the years studied, making the case for why investment partnerships and their partners should be analyzed first.
Read the full article here.
