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Converting a Sole Proprietorship to a Partnership On-Demand 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.

Webinar preview

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

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.






   

Presented by: Kathyrn Keane, EA

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