Partnership Property Distributions and the New Form 7217

Overview

This program will address the complex rules for partnership distribution of property with a focus on liquidating of a partner's interest, Section 751 and how to complete the new Form 7217.

Highlights

• Property distributions in liquidation of a partner's interest
• Section 751 and its impact on property distributions from a partnership
• Mechanics of completing Form 7217 - new for 2024
• The Section 754 election and its role in partnership property distributions

Prerequisites

Basic working knowledge of individual and business taxation

Designed For

CPAs and members in industry seeking an in-depth review of partnership property distributions

Objectives

• Implement practical strategies based on a thorough understanding of the complex rules for partnership distributions of property
• Identify and recall key compliance issues
• Identify and recall significant issues in the Form 7217

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.