CPE Course Surgent's A Complete Guide to Taxation of Partnership Sales, Distributions, and Liquidations On-Demand Webcast

Location Webinar

Member Price $75.00
Non-member Price $105.00

Curriculum Taxation

Field of Interest

Level Intermediate

Designed For

Tax preparers dealing with partnership income tax returns for 2020

Objective

  • Recognize the tax consequences of the sale of partnership interest, a distribution of money and/or noncash property by a partnership and the consequences of a liquidating and non-liquidating partnership distribution

Highlights

  • Taxability of cash and property distributions made by a partnership to a partner
  • Consequences of a Section 754 election in the context of sale of a partnership interest
  • Taxability and character of gain or loss when an interest in a partnership is sold
  • Calculating a partner’s basis to determine if a partner has a gain or loss on distribution
  • Impact of Section 704(c) on contribution of appreciated or depreciated property to a partnership
  • When a loss can be recognized on a partnership distribution
  • Differences between liquidating and nonliquidating partnership distributions
  • Tax consequences of a partnership liquidating distribution

Instructors

Prerequisites

Familiarity with partner/partnership tax rules

Developer

Surgent McCoy CPE, LLC

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