Webinar: Understanding Partnership Taxation: Debt Allocations
WS219 | Course | Intermediate | Scheduled
Description
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 th
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Taxes |
Designed For
Tax practitioners who are looking to improve their knowledge of debt allocations and how they affect a partner's tax basis
Prerequisites
Working knowledge of fundamental partnership tax concepts
Highlights
- Recourse debt allocations
- Constructive liquidation scenarios
- Nonrecourse debt allocations
- Minimum gains and nonrecourse deductions
- Section 704(c) gains
- Allocations under 704(c)
Objectives
- 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
Preparation
None
Notes
This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.
You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.
Prices
- Member (Early Bird)
- $99.00
- Non-Member (Early Bird)
- $99.00
- Member
- $99.00
- Non-Member
- $99.00