Discussion:Capital Interest Characterization

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Revision as of 01:27, 20 August 2009

Discussion Forum Index --> Basic Tax Questions --> Capital Interest Characterization
Discussion Forum Index --> Tax Questions --> Capital Interest Characterization

Dingodile (talk|edits) said:

20 August 2009
When an individual receives a capital interest in exchange for his services to a partnership whose stated purpose is to purchase, lease out, and ultimately sell real property, assuming said individual realized a gain upon the sale, would the gain be characterized as ordinary income or as a capital gain?
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