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July302020
Navigating Through QIP and 163(j) Opt-Out Election Changes

Naya Pearlman, J.D., LL.M. and Nastassia Koyfman, J.D., LL.M.

7.30.20 | Tax Notes® Federal [June 22, 2020]

The impact of the Coronavirus Aid, Relief, and Economic Security (CARES) Act means possible changes for partnership tax returns. These include a technical amendment to qualified improvement property (QIP) and a relaxation of the section 163(j) limitation rule for business interest expense.

To learn more about the impact of these and other changes. Click here.

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