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What causes the after-tax IRR (ATI RRe) for the general partner to differ from that of the limited partner? What is the significance of

What causes the after-tax IRR (ATI RRe) for the general partner to differ from that of the limited partner?  

What is the significance of capital accounts? What causes the balance in a capital account to change each year? 

 How does the risk associated with investment in a partnership differ for the general partner versus a limited partner?  

 

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1 The aftertax internal rate of return ATIRR for the general partner may differ from that of the limited partner due to variations in the tax implications and profitsharing arrangements between the tw... blur-text-image

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