Understanding Partnership Section 754 Elections - Section 734(b) Basis Adjustments on Distributions (On-Demand Webinar)
Provider: CeriFi Checkpoint Learning
Taxes
1 CPE Credits
Intermediate
QAS self study
IRS EA Federal Taxation
In this on-demand webinar, Ian Redpath explores the tax treatment of partnership distributions and the impact of a Section 754 election. He clarifies the difference between guaranteed payments and true distributions, explains the basis ordering rules, and breaks down the adjustments required under Section 734(b). He provides insight into how 'hot assets' affect disproportionate distributions and what practitioners need to know about compliance and reporting.