Intermediate Partnerships Self-Study


Partnership taxation can be a complicated subject. They can operate as limited partnerships, limited liability companies or general partnerships. The form of business can alter a partner’s taxation. In addition, there are various elections made at the partnership level that serve as planning tools. This course furthers the knowledge of tax professionals who already have a basic understanding of partnership taxation.


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

  • Understand the different types of partnerships
  • Recognize tax basis partner capital accounts
  • Identify limited partners for purposes of self-employment tax
  • List the important tax rules regarding special allocations for partnerships
  • Summarize important rules regarding guaranteed payments
  • Identify when a §754 election can be performed
  • Calculate basis adjustments required by a §754 election
  • Prepare Form 8308, Report of a Sale or Exchange of Certain Partnership Interests
  • Identify disguised sales
  • Prepare Form 1065 when one partner leaves a two-partner partnership
  • Prepare Form 1065 when a partner terminates an interest

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.


Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

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

eweb keepalive image