Partnership Dispositions
This course will look at the basics of partnership distributions and abandonments. The course will first understand abandonments and the tax treatment of them. After, we will look at the basics of a partnership disposition. We will then shift our focus on more complex dispositions involving ordinary assets that fall under IRC 751(a) and (b) we will also cover the reporting required under 751(a) and (b) as well as disposition on PTP interests.Areas CoveredUnderstand generally theoutside basis of partnershipsUnderstand partnership dispositionsFigure complex calculations for partnerships like IRC 751 and liquidating distributionsProperly comply with disclosure requirements for partnership dispositionsUnderstand the ins and outs of partnership return preparation related to dispositionsWho Should AttendTax practitionersWhy Should You Attend If you deal with individuals or partnerships, eventually the partners will want to dispose of their ownership. This is a high error rate issue that is frequently done incorrectly. This webinar will help you properly assess the partnership disposition and properly report it.
Single
This course will look at the basics of partnership distributions and abandonments. The course will first understand abandonments and the tax treatment of them. After, we will look at the basics of a partnership disposition. We will then shift our focus on more complex dispositions involving ordinary assets that fall under IRC 751(a) and (b) we will also cover the reporting required under 751(a) and (b) as well as disposition on PTP interests.
Areas Covered
- Understand generally theoutside basis of partnerships
- Understand partnership dispositions
- Figure complex calculations for partnerships like IRC 751 and liquidating distributions
- Properly comply with disclosure requirements for partnership dispositions
- Understand the ins and outs of partnership return preparation related to dispositions
Who Should Attend
- Tax practitioners
Why Should You Attend
If you deal with individuals or partnerships, eventually the partners will want to dispose of their ownership. This is a high error rate issue that is frequently done incorrectly. This webinar will help you properly assess the partnership disposition and properly report it.