David Rackman is a Tax Senior Manager in the Real Estate Private Equity Group with nearly 10 years of experience in the tax aspects of partnerships, including partnership profit and loss allocations and sales/transfers of partnership interests. David provides tax compliance, planning, and advisory services to high net worth individuals and families, in addition to advising clients on complex tax examinations at the federal and state level.
David’s experience also includes like-kind exchanges, developing financial models for tax and cash flow projections, and researching, analyzing and advising clients on various tax issues, including sales of assets, choice of entity, and unrelated business taxable income (UBTI). David is also involved in tax planning and compliance issues for a variety of private REITs and in structuring and consulting clients on qualified opportunity funds.
Prior to joining the firm, David was a Senior Accountant with a Big 4 accounting firm, and prepared and reviewed federal and state work papers and tax returns for foreign and domestic real estate funds and REITs. In addition, he analyzed tax implications of sales of properties, and section 987 gain/loss.
David is a contributor to tax related articles and has co-authored content on topics related to qualified opportunity funds. He also contributes to internal training programs on qualified opportunity funds.