New York and Tri-State Taxation Conference

Time: 9:30 - 10:20 a.m.

Topic: Selling a Partnership Interest: State Tax Considerations

States are becoming increasingly aggressive in taxing owners, both individual and corporate, on sales of partnership or LLC interests, even when the owner may not otherwise have a presence in the taxing jurisdiction. This session will look at the various ways that states impose tax on the sale of a partnership interest, from the concept of “investee apportionment” to specific state statutes treating the transaction as a sale of assets or apportionable business income.

Speaker: Elizabeth Pascal