Recorded on October 21, 2020
IRC Section 1061
The Business Planning Group discusses the recently released proposed regulations under IRC Section 1061. This Code section was added as part of the 2017 Tax Cuts and Jobs Act to alter capital gain treatment for certain partnership interests held in connection with the performance of services, commonly referred to as carried interest. The conversation is led by Naomita Yadav from Ernst & Young LP and Thomas A. Cooper from Moore & Van Allen.