By Jeffrey N. Bilsky & William J. Hodges | BDO
Is your corporation structured as a partnership? A common entity type in the real estate and construction industries, partnership corporations carry their own unique set of tax reform implications. To make an informed decision about choice of entity in the future, and to understand the scope of impact now, it’s important that companies assess how tax reform could impact partnership’s annual operations and future capital transactions.
A new article from BDO USA outlines the expected impact to partnership corporations, and can serve as a valuable guide as companies determine their next steps. Provisions discussed include:
- Deduction for qualified business income of pass-through entities
- Taxation of gain on the sale of partnership interest by a foreign person
- Like-kind exchanges of real property under Section 1031
Read the Full Article HERE
Compliments of BDO, a member of the EACCNY