Ending the Carried Interest Loophole Act

Summary

The Ending the Carried Interest Loophole Act rewrites how the tax code treats partnership interests that are given in exchange for services. It makes the value of those interests count as ordinary income at the time they are received and treats the same amount as a capital loss. The change targets private‑equity and hedge‑fund managers and other partners who currently pay lower capital‑gain rates on carried interest.

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