Understand the definition and conduct of a partnership including transactions between partners, operational risks, actions associated with the death of a partner, and termination of a partnership
Learn about setting up family or limited partnerships
About this course:
This course covers tax and legal aspects of forming, operating and dissolving partnerships. Topics include the definition and conduct of a partnership; property, services, basis and holding periods; interest and liabilities; operational and at-risk rules; allocation of distributive shares; transactions between partners; disposition of interest and property; distributions involving 751 assets; termination and 736 payments; death of partner; and setting up family and limited partnerships as an association for tax purposes.
Prerequisites
MGMT X 127 Federal Income Taxation or equivalent experience and consent of instructor.
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