- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
This course presents the laws and regulations pertaining to partnership distributions including disproportionate distributions. Specific topics include recognizing partnership gains and losses for distributions; the distribution of marketable securities to partners; how to handle distributions related to loss, debt and liabilities; partner advances and loans; as well as deemed partnership distributions. Pertaining to disproportionate partnership distributions, information related to hot assets is provided along with detailed illustrations for the application of the disproportionate distribution rules.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify the proper treatment for partnership distributions; and
determine the elements in a disproportionate distribution.