Distributions from Partnerships (On-Demand Webinar)   Updated

Upon successful completion of this course, the user should be able to:

• identify the rules governing partnership distributions, including distinctions between current and liquidating distributions and their impact on a partner's basis;

• apply ordering and basis allocation rules to determine gain or loss recognition in proportionate and disproportionate distributions; and

• evaluate the tax effects of Section 704(c) pre-contribution gain, Section 707 disguised sales, and Section 734 mandatory basis adjustments on partnership transactions.