@Anonymous_ No kidding. I asked a question a couple of weeks ago about disposal and consequent treatment of released suspended PALs, etc. Suffice it to say it's a nightmare. Difficult to plan for the year's results in advance so some of the benefits that would otherwise inure are unused, while other tax effects are detrimental to existing tax positions. I spoke with a CPA about some of this and he suggested the only way to make headway is to reach out to the GP before year end to get some sense of what the K-1 will look like so as to allow planning that apparently can't be done otherwise.
