Oil and gas ventures operating as publicly traded partnerships typically attract sophisticated investors who purchase limited partnership

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Oil and gas ventures operating as publicly traded partnerships typically attract sophisticated investors who purchase limited partnership interests. Investments in these types of publicly traded partnerships are subject to a restrictive set of passive activity loss rules. Identify three publicly traded oil and gas partnerships that are currently marketed to investors, describe the benefits the promoters claim will result from such investments, and briefly review the basic nature of the unique passive activity loss restrictions placed on such investments.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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South-Western Federal Taxation 2019 Individual Income Taxes

ISBN: 9781337702546

42nd Edition

Authors: James C. Young, William H. Hoffman, William A. Raabe, David M. Maloney, Annette Nellen

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