Tax benefits for partners in "trading" partnerships.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1996. The length of the article is 856 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Trading partnership status can be advantageous for tax purposes because income will not be treated as portfolio or passive income and because alternative minimum tax issues will be simplified. The trading partnership's operating expenses will also provide partners with above-the-line deductions that are not subject to AGI percentage thresholds. Many states provide trading partnerships with more favorable tax treatment than investment partnerships receive.

Citation Details
Title: Tax benefits for partners in "trading" partnerships.
Author: Lawrence Torella
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1996
Publisher: American Institute of CPA's
Volume: 27 Issue: n8 Page: 474(2)

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