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