For tax purposes, a partner's interest in a partnership is referred to as his or her tax equity.

Name: For tax purposes, a partner's interest in a partnership is referred to as his or her tax equity.
Brand: Quizplus
Rating: 5.0 (43 reviews)

Question

Quizplus · Accepted Answer

For tax purposes, a partner's interest in a partnership is typically referred to as his or her "capital account," not tax equity. The capital account tracks the partner's contributions, share of profits and losses, and withdrawals.

For Tax Purposes, a Partner's Interest in a Partnership Is