Press Release

Wealth Advisor Tyler Sterk Quoted in Financial Advisor

August 22, 2022

The carried interest provision lived to see another day as Senate Democrats moved to remove a provision that would have narrowed the preferential tax treatment on the share of profits earned by private equity partners or hedge fund managers.

Wealth advisor, Tyler Sterk, shares his insights on how carried interest tax is generally at the more favorable long-term capital gains rate at 20%, rather than the ordinary income tax rate at 37%.

 

Read full article: https://bit.ly/3ADYEDK

 

The information provided here should not be considered legal or tax advice and all investors should consult their legal and/or tax professional about the specifics of their own legal and tax situation to determine any proper course of action for them. KAR does not provide legal or tax advice and nothing herein should be construed as legal or tax advice, and information presented here may not be true or applicable for all legal and income tax situations. Tax laws can and frequently do change, and KAR does not undertake to update this should any changes occur. Past performance is no guarantee of future results.

 

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This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information contained in this article is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date of the material, and KAR does not undertake to update the information presented should it change. This information is based on KAR’s opinions at the time of the publication of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein.

Past performance is no guarantee of future results.