May 4, 2027


Live Webcast


NASBA 8

Top Ten Questions from Partnership Clients Regarding the Section 754 Election Webcast

May 4, 2027
Live Webcast
NASBA 8
  • View Bio

    Instructor

    Joseph
    Nicola

    View Bio

Learning Objectives

  • Be familiar with the practical issues surrounding Section 754 and its application
  • Effectively advise clients on these complex issues

Major Topics

  • How does a partner compute his or her basis in a partnership?
  • What is the difference between a partner’s inside and outside basis?
  • What is the difference between a partner’s capital account and partner’s outside basis?
  • How does Section 732(d) impact the buyer of a partnership interest?
  • How does a partnership report a Section 754 election on the partnership’s tax return?
  • How does a partnership make a Section 754 election?
  • How does a partnership make a Section 743(b) adjustment?
  • How does a partnership make a Section 734(b) adjustment?
  • How is a Section 743(b) adjustment or Section 734(b) adjustment allocated to the assets of a partnership?
  • How is a Section 743(b) adjustment allocated within the class of ordinary income property and capital gain property?

CPE Credits Available

NASBA 8
4
Taxation (NYSED) (Taxation) - NASBA
4
Taxes (NASBA) (Taxation) - NASBA

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

A basic understanding of the tax rules impacting individuals and pass-through entities

Advanced Preparation

A basic understanding of the tax rules impacting individuals and pass-through entities

Intended Audience

Accounting and financial professionals seeking to fortify their Section 754 knowledge base

Provider

Surgent McCoy CPE LLC

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