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How do I handle my gains if I am a partner in a partnership that generated capital gains?

Can I take my portion and invest in a Qualified Opportunity Fund?


Answers
  • Valerie Grunduski
    June 08, 2021

    Yes! If the partnership did not elect to defer the gain, each partner can defer their respective gain. Better yet, gains from a pass-through are allowed a larger range of dates to begin their 180-day period.

  • Matthew Rappaport
    June 04, 2021

    Yes, the rules allow you to take only your portion and invest in a QOF without affecting the tax or financial situation of your other partners.

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