[WEB] Sales & Exchanges of an Interest in a Partnership

Course Details

Date

Wednesday, August 24, 2022

8:30am – 12:00pm
(Registration: 8:30am)

Course Number

SEIP

CPE Credit

4.0 hours CPE credit

Instructor

Level of Knowledge

Basic

Vendor

Accountant's Education Services (AES)

Prerequisites

None

Description

The participant will gain an understanding of the rules that apply to the sale or exchange of an interest in a partnership, including the wisdom of advising a partnership to make a 754 election.

Objectives

  • Determine the character of gain or loss, including ordinary income (loss) and capital gain (loss) and how to report on the Form 1065.
  • Determine the tax effect on the partnership if a partner disposes of its interest.
  • Determine the tax effect to the selling partner.
  • Distinguish between inside and outside basis.
  • Describe how to make a 754 election and how the 754 election affects the tax basis capital account.
  • File Form 8308 and Form 8594.
  • Determine how to treat partnership debt on the sale or exchange.
  • Determine how to allocate the basis adjustment among the assets of the partnership if a 754 election is in effect.
  • Apply the 3.8% Medicare tax to the sale of an interest in a partnership.

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by August 12, 2022.

$150.00
Member Fee

Applicable if you are a HSCPA member in good standing.

$200.00
Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by August 12, 2022.

$300.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$350.00
Your Price $300.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

View All Courses