Selling a Publicly Traded Partnership Interest On-Demand Webinar

Summary

Selling investments in publicly traded partnerships (PTPs) is one of the more complex dispositions to report. In this webinar, we’ll discuss how to navigate the Schedule K-1 packages provided by PTPs and interpret the sales schedule included in the package when reporting the sale. In addition, we’ll discuss where the responsibility for basis tracking lies and how to determine the character of the taxpayer’s gain or loss, as well as where to report the information on the taxpayer’s return.

Objectives

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

• Analyze the Schedule K-1 package from a PTP
• Interpret the sales schedule when taxpayer sells a PTP interest
• Summarize the importance of basis tracking by taxpayer
• Calculate the ordinary and capital portion of taxpayer’s gain or loss
• Outline how to report ordinary and capital gain or loss upon disposition of PTP interest

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.