The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/im-an-accredited-investor-who-should-be-selling-31153475.aspx

Subject:  Re: Accredited investments Date:  3/6/2014  1:38 PM
Author:  Wradical Number:  120381 of 124488

I'm an accredited investor who should be selling their first private placement investment for a gain. I assumed this gain would be taxed as short term capital gains but the carried interest talk currently on the TV news has me wondering. Can any professional tax person on this site tell me if this is correct?

President Obama has just sent Congress his proposed 2014-15 budget. The carried interest proposal - which he has been proposing since he was elected, and was most seriously considered in 2010, is a single line item among many revenue measures. The actual Internal Revenue Code language is not included in this document. That would come from the House and Senate committees who produce the actual bill(s).

The 2010 proposed version wouldn't have applied to an ordinary investor - just partners (or LLC members) who provided services to the