Is Promote Long Term Capital Gain or Ordinary Income
Just got my share of promote that my firm pays out as incentives to employees. The k-1 says ordinary income. I thought it would be long term capital gains? Anyone has any insight? I hate IRS.
Just got my share of promote that my firm pays out as incentives to employees. The k-1 says ordinary income. I thought it would be long term capital gains? Anyone has any insight? I hate IRS.
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