Mastering Form 7217: A Guide to Partnership Property Distribution

Description

This program will address the complex rules for partnership distribution of property with a focus on liquidation of a partner’s interest, Section 751, and how to complete the Form 7217. OBBBA of 2025 update for property distributions is included.

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to terri.storer@acpen.com

Highlights

	
• Property distributions in liquidation of a partner’s interest
	
• Section 751 and its impact on property distributions from a partnership
	
• Mechanics of completing Form 7217 – new in 2024
	
• The Section 754 election and its role in partnership property distributions

Objectives

	
• Implement practical strategies based on a thorough understanding of the complex rules for partnership distributions of property
	
• Identify and recall key compliance issues
	
• Identify and recall significant issues in the Form 7217

Designed For

CPAs and members in industry seeking an in-depth review of partnership property distributions