The “Small Partnership Exception”: What’s Next?



The clandestine repeal of the “small partnership exception” in 2015 apparently effective for tax returns filed for tax years after 2017, which was enacted in 1982, came as a profound shock to many taxpayers who had taken advantage of the simplicity of the unique provision. The question, now, for those taxpayers who have been taking advantage of the “small partnership exception,” should I make a change in the way income is taxed? Some alternatives are fairly clearly marked; others are less so.


How to Cite: Harl, N. A. (2018) “The “Small Partnership Exception”: What’s Next?”, Agricultural Law Digest. 29(10).