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Gain Chargeback and Income Offset Clauses

Book Publication Date: Feb 2013
Description: Sample clauses from LLC or partnership operating agreement to comply with IRS rules regarding minimum gain chargebacks and qualified income offset.
Type: Contract Clauses
PLI Item #: 52177
Practice Area: Real estate, Real estate investment trusts, Real estate limited partnerships, Real estate taxes, Real estate transactions, Tax

Keywords: tax; operating agreement; LLC; limited liability company; general partnership; limited partnership; tax allocation; profit; loss; gain; disposition; capital accounts; minimum gain chargeback; qualified income offset; deficit

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