Understanding Partnership Taxation: PTE Elections, 754 Elections, & Selling a Partnership Interest

SKU: 06-445-01-CPE
Credit Hours: 1
CPE Category: Taxes
CE Category: Federal Tax
Program Level: Intermediate
Prerequisites: None
Delivery Method: Online Video
Instructor: David R. Peters, CPA, MST, CLU, CPCU

Course Description:
This course will explore the tax impacts of a PTE election and how a 754 election affects the inside basis of partnership assets. We then examine those tricky look-through provisions on the sale of a partnership interest in order to properly calculate the tax implications on the sale of a partnership interest.

This course will discuss the following learning objectives:

Identify when a pass-through entity can deduct state taxes it pays at the entity level.
Recognize the tax implications of hot assets in the sale of a partnership interest.
State the character of a gain on the sale of a partnership interest.