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Surgent's Understanding Partnership Taxation: Debt Allocations (Z1-PTA2-2024-01-SSWC)

100 Minutes
On demand - Video

On Demand - Video

2 CPE Credits in TX

OVERVIEW

How debt is allocated to the partners in a partnership is important. It dictates how much money may be taken tax-free as a distribution, the losses that flow down to the partners, and the gain or loss on the sale of a partnership interest.

DESIGNED FOR

Tax practitioners who are looking to improve their knowledge of debt allocations and how they affect a partner’s tax basis

BENEFITS

  • State how debt allocations affect the calculation of a partner’s basis in the partnership
  • Recognize how recourse and nonrecourse debt are allocated to partners
  • Identify the tax effects of 704(c) on contributed property

HIGHLIGHTS

  • Recourse debt allocations
  • Constructive liquidation scenarios
  • Nonrecourse debt allocations
  • Minimum gains and nonrecourse deductions
  • Section 704(c) gains
  • Allocations under 704(c)

COURSE LEVEL

Intermediate

PREREQUISITES

Working knowledge of fundamental partnership tax concepts

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for IRS credit

PRICING

$89.00 - Member

$109.00 - Nonmember

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent

AREAS OF INTEREST

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