CPE Course Surgent's Section 754 Step-Up in Basis: Understanding the Tax Issues for Partnerships and LLCs (S754)

January 29, 2018

1:00 PM — 3:00 PM

Location Webinar

Member Price $89.00
Non-member Price $119.00

Curriculum Taxation

Field of Interest

Level Intermediate

Designed For

Any tax practitioner who wishes to understand the tax rules and economic opportunities associated with having a partnership make a Section 754 election

2.00 credits

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Objective

  • Determine the amount of a Section 754 basis step-up
  • Know how to allocate the basis step-up to the partnership's assets
  • Know how a partnership makes a Section 754 election and reports it to the IRS

Highlights

  • How and why a partnership makes a 754 election
  • The effect of the 754 election when an interest in a partnership is sold or inherited
  • How the 754 election applies when a partnership makes a distribution of property to one or more of its partners
  • Allocating the 754 basis adjustment

Instructors

Prerequisites

A basic understanding of the tax rules impacting individuals and pass-through entities

Developer

Surgent McCoy CPE, LLC

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