Description:

This book is for preparing 2024 taxes. Partnerships can add, drop or change partners at any time during the year. Several events, such as a sale, gift, redemption or death can all factor into why a change in a partnership interest could occur. Each of these events comes with its own tax implications and reporting requirements. The material will cover the tax consequences of redemptions on the exiting partner and the partnership as well as the tax implications when the partnership holds hot assets.

Topics include:

• Summarizing the tax consequences when a change in partners happens
• Identifying hot assets and explaining how they affect certain transactions

Product Details:

Item Number: E24378

Level: Intermediate

Authors: NATP Staff

Published: 2024

Format: Electronic PDF - 52 pages

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Corresponding CPE Courses:

Get this e-book FREE when you purchase the corresponding 2024 course.

Purchase Info:

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