On Jan. 7, 2021, the Department of Treasury and IRS issued final regulations (the Regulations) that provide guidance to the “carried interest” rules under Section 1061 of the Internal Revenue Code. The Regulations finalize proposed regulations that were issued by the Department of Treasury and IRS on July 31, 2020 (the Proposed Regulations) (see August 2020 GT Alert on the Proposed Regulations).
3-Year Holding Period Rule for ‘Carried Interests’ Addressed in IRS Final Regulations
