Includes: Audio Paper Slides
R. Brent Clifton
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While partnerships and LLCs are “flow-through” entities, a series of rules restrict the “flow” of losses. Examine the latest restriction—Section 461(l)—and the loss limiters before it—Sections 704(d)(basis), 465 (at-risk) and 469 (PALs).
Originally presented at: Dec 2019 Taxation Conference
R. Brent Clifton,
Winstead PC - Dallas, TX