Carried Interest Rules Will Be Made Simpler, IRS Official Says

Nov. 12, 2020, 7:54 PM

The IRS is making changes to proposed rules for a restriction on a compensation tax break for investment fund managers, known as carried interest.

The rules (REG–107213–18; RIN 1545–BO81) are among those that the agency is trying to release in final form by the end of the year. The changes are meant “to make it simpler for taxpayers, and to make it a little easier for taxpayers,” said Cliff Warren, an IRS senior counsel.

  • “We did get a lot of comments and people are concerned about its complexity, so we are looking to change portions ...

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