Mastering IRS Form 7217: Partnership Property Distributions

Description

The IRS recently released the new Form 7217 for 2024, designed for a partner to report distributions of property received from a partnership. This course dives into the complexity of the partnership distribution rules and their application to the new form, as well as discuss liquidating a partner's interest, Section 751 and the Section 754 election.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this course include:

<li data-list="0" data-level="1">Property distributions in liquidation of a partner’s interest<li data-list="0" data-level="1">Section 751 and its impact on property distributions from a partnership<li data-list="0" data-level="1">Mechanics of completing Form 7217 – new for 2024<li data-list="0" data-level="1">The Section 754 election and its role in partnership property distributions

Objectives

After attending this presentation, you will be able to...

<li data-list="0" data-level="1">Implement practical strategies based on a thorough understanding of the complex rules for partnership distributions of property<li data-list="0" data-level="1">Identify and recall key compliance issues<li data-list="0" data-level="1">Identify and recall significant issues in the Form 7217

Designed For

CPAs and members in industry seeking an in-depth review of partnership property distributions.