Surgent’s Understanding Partnership Taxation: PTE Elections, 754 Elections, and Selling a Partnership Interest
Description
Partnership tax law is always difficult. However, when certain transactions come up, not knowing how to handle them can be costly to clients and practitioners. In this course, we discuss several of these types of situations. We will explore the tax impacts of a PTE election and how a 754 election affects the inside basis of partnership assets. We will then examine those tricky look-through provisions on the sale of a partnership interest in order to properly calculate the tax implications.
Objective
Identify when a pass-through entity is able to 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
Advanced Preparation
None
Required Knowledge
Basic understanding of tax rules for flow-through entities
Who Should Attend
Tax and financial advisors who have partnership clients
Credit Types
- CPE – Taxes
- Enrolled Agent
Registration Fees
| Registration | Type | Price |
|---|---|---|
| WRS44826: Registration – Member | Mem | $105 |
| WRS44826: Registration – Non-Member | NM | $230 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.