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; and deemed partnership distributions. Regarding disproportionate partnership distributions, information related to hot assets is provided along with detailed illustrations for the application of the disproportionate distribution rules.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.