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Accounting & Taxes

What is the tax amount paid by a US LP in a Delaware fund after distribution of proceeds?

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May 03, 2023
How much does a US LP (person) pay in taxes (in a Delaware fund) after proceeds are distributed at the end of a fund?
1 answer
1
Mike Suprovici
Accepted Answer
May 03, 2023
The long-term capital gains tax rate is 0%, 15% or 20% depending on your taxable income and filing status. Additionally investing in Section 1202 Qualified Small Business Stock could eliminate any tax burden for non-corporate LPs.
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