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Understanding the §754 Election On-Demand Webinar

Summary

Occasionally the value of the partnership’s assets can be adjusted. This generally occurs when a partner sells, or a beneficiary inherits, an interest in a partnership. The partnership makes this adjustment by using the §754 election. The purpose of the §754 election is to ensure the inside and outside basis of the partnership’s assets remains equal to the partner’s outside basis. This webinar takes the mystery out of making the §754 election.

Objectives

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

  • Identify the purpose for the §754 election
  • Identify assets that are eligible for the election
  • Prepare a §754 election statement
  • Calculate basis adjustments required by a §754 election
  • Calculate optional basis adjustments

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: Genaro Cardaropoli, CPA

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