KPMG report: Treasury and IRS guidance on partnership “basis shifting” transactions

Type
:
Development
Tax Area
:
Others
Status
:
Guidance
Qualification
:
Various
Implemented date
:
NA
Country
:
United States
Date added
1 Jun
,
2024
Docxster’s Summary

The KPMG report provides guidance on how to handle shifting transactions in a partnership basis. It discusses the importance of understanding the partnership agreement and the tax implications of any changes in ownership or contributions. The report also covers the impact of shifting transactions on financial reporting and offers practical advice for navigating these complex transactions.

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Source :
KPMG
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