Date: Tuesday, November 15th 12:00 – 2:00 PM EST
Speaker: Darryl Brown, PhD
Full Partnerships Certificate Program: $200 for NAEA Members | $360 for nonmembers
CE: N/A

The course will demonstrate and explain the taxation of current and liquidating distributions including cash and non-cash distributions from a partnership to a partner including, when a partner recognizes gain or loss, and how the disguised sale rules apply to partnership distributions. Correlatively, the course will demonstrate and explain the calculation and concept of tax basis as it relates to partnerships and partners as well as the interplay between a partner’s outside basis and the deductibility of partnership losses. Finally, the course will discuss and explain other statutory limitations on the deductibility of partnership losses.