Partnership/LLC Sales, Redemptions and the Section 754 Election Webcast | 4204323G

Thursday, December 3 Code: 4204323G 4.0 CPE Credits

Overview

Delve into two important topics of partnership/LLC taxation. First, coverthe tax consequences of the redemption of a partner's interest in a partnership, whether by virtue of the retirement or death of the partner. Second, consider the consequences of the Section 754 election, whether at the time of the redemption of a partner, the sale or exchange of a partnership interest, or a distribution from the partnership to a partner. The competing concerns between new and continuing partners will be emphasized.