Section 754 Election Mechanics On-Demand Webinar

Summary

When a new partner enters a business by purchasing partnership interest or inheriting it, a §754 election may be made to mitigate the departing partner’s tax consequences of selling the partnership. This election can be complex and many tax practitioners are unaware of the election’s potential value. This webinar will review the pros and cons of making the election, teach you how to calculate basis adjustments required by the election and how to properly report the election to the partner and on the partner’s return.

Objectives

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

  • Identify what a §754 election is.
  • Summarize the pros and cons to making the election.
  • Identify how to properly make the election.
  • Calculate basis adjustments required by the §754 election.
  • Summarize properly reporting the §754 election to the partner.
  • Summarize properly reporting the §754 election on the partner's return.

Course Details

This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.






   

Presented by: Lawrence Zimbler, MST, EA

How to Earn CPE

To receive credit for this on-demand webinar, you must make at least one attempt to answer each of the review questions included with the webinar video. You also must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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