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Converting a Sole Proprietorship to a Partnership Webinar

Summary

Be prepared to assist clients who decide to change their legal structure from a sole proprietorship to a partnership. This decision will result in tax implications, such as determining inside and outside basis of the partnership interest, and transferring of assets. In this webinar, we’ll review those implications and you’ll learn the skills you need to report them correctly on your clients’ returns.

Objectives

Upon completion of this course, you will be able to:

  • Identify the tax implications of changing from a sole proprietorship to a partnership
  • Calculate inside and outside basis of the partnership interest
  • Calculate depreciation and holding period for assets transferred to the partnership
  • Summarize the pass-through treatment of partnership income and losses

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.






   

Presented by: Kathyrn Keane, EA

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