Discussion:Reckless Abandon...ment?
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| Revision as of 21:11, 6 November 2009 Garytax (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 21:18, 6 November 2009 RoyDaleOne (Talk | contribs) (You are really a) Next diff → |
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| I have not been able to find anything on abandoning limited interest and not the general interest, and it seems fine to me to abandon only the limited interest. Is the abandonment okay, or am I missing something?}} | I have not been able to find anything on abandoning limited interest and not the general interest, and it seems fine to me to abandon only the limited interest. Is the abandonment okay, or am I missing something?}} | ||
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| + | {{ForumReplyPost|UserID=RoyDaleOne|Date=6 November 2009|Text=You are really asking this question? | ||
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| + | May I ask who would succeed to the abandoned interest, as it is said "this ain't a Corporation?"}} | ||
Revision as of 21:18, 6 November 2009
Discussion Forum Index --> Advanced Tax Questions --> Reckless Abandon...ment?
Discussion Forum Index --> Tax Questions --> Reckless Abandon...ment?
| 6 November 2009 | |
| Client is a 50% general partner and 5% limited partner in a Limited Partnership. Client would like to adandon LP interest to take loss, but would like to keep GP interest open in order to allow partnership to stick around. The GP has no capital account so it could be abandoned but it would not generate a loss.
I have not been able to find anything on abandoning limited interest and not the general interest, and it seems fine to me to abandon only the limited interest. Is the abandonment okay, or am I missing something? | |
RoyDaleOne (talk|edits) said: | 6 November 2009 |
| You are really asking this question?
May I ask who would succeed to the abandoned interest, as it is said "this ain't a Corporation?" | |
