itonewbie
Level 15
06-18-2020
06:06 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
This does not sound right. It is a case of gifted partnership interest. Provided it is a gift of present interest, the children should have established a basis and the amount at risk. Agree you will need to obtain more information about the structure and the history of the transfer of such interests.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar