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February 24, 2021

Stroock Podcast

Stroock partner Kevin Matz discusses the Internal Revenue Service’s final regulations under Internal Revenue Code Section 1061 concerning the income taxation of carried interests in private investment funds with a focus on estate planning. 

The final regs depart significantly from the proposed regulations released on July 31, 2020 on issues near and dear to the estate-planning and family office community and clarify that gifts to related persons, including to non-grantor trusts, within IRC Section 1061’s prescribed 3-year window won’t constitute a triggering acceleration event to cause deemed short-term capital gains. 

Listen to Kevin to learn what you need to know.