COR2432. Tax Impact of Waterfalls

Examination of advanced topics impacting waterfall calculations with an emphasis on tax.

Learning Objectives:

• Analyze surrounding waterfall types and capital account maintenance for tax purposes
• Determine considerations regarding allocation of partner specific items such as liabilities and built-in-gain
• Analyze complex topics such as clawbacks, cashless contributions, and waivers
• Identify recent legislative matters that would affect the above.