Partner 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 partner nonrecourse deductions or (ii) distributions attributable to partner nonrecourse debt, if there is a decrease in partner nonrecourse debt minimum gain during the relevant period.


Jurisdiction

  • United States (California, Delaware, Pennsylvania, and Texas)

Document Types

  • 98% Governance Agt
  • 2% Other

Tags

  • LPA/LLC

Language

  • 100% English