Minimum Gain Chargeback
Description
This AI field captures a requirement that items of income or gain be specially allocated to partners/members who received (i) the benefit of nonrecourse deductions or (ii) distributions attributable to nonrecourse debt, if there is a decrease in partnership minimum gain during the relevant period.
Jurisdiction
- United States (California, Delaware, Pennsylvania, and Texas)
Document Types
- 100% Governance Agt
Tags
- LPA/LLC
Language
- 100% English