Webinar

Surgent's Understanding Partnership Taxation: PTE Elections, 754 Elections and Selling a Partnership Interest

---

Partnership tax law is always difficult. However, when certain transactions come up, not knowing how to handle them can be costly to clients and practitioners. In this course, we discuss several of these types of situations. We will explore the tax impacts of a PTE election and how a 754 election affects the inside basis of partnership assets. We will then examine those tricky look-through provisions on the sale of a partnership interest in order to properly calculate the tax implications.

Major subjects

• Notice 2020-75: PTE elections
• What is a 754 election?
• What if a 754 election is not in effect?
• Tax implications of a partnership interest sale on the seller
• Look-through provisions

Learning objectives

• Identify when a pass-through entity is able to deduct state taxes it pays at the entity level
• Recognize the tax implications of hot assets in the sale of a partnership interest
• State the character of a gain on the sale of a partnership interest

Who should take this program?

• Tax and financial advisers who have partnership clients

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $99.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

---

Related programs

July 14, 2025 | Surgent's Top Ten Questions from Partnership Clients Regarding the Section 754 Election | Webinar

July 16, 2025 | Surgent's Schedules K-2 and K-3: Filing Requirements | Webinar

July 17, 2025 | Mastering IRS Form 7217: Partnership Property Distributions | Webinar

July 17, 2025 | Surgent's Understanding Partnership Taxation: Debt Allocations | Webinar

July 17, 2025 | Partnership Property Distributions and the New Form 7217 | Webinar

---

Related products

Surgent's Max the Tax: Section 754 | Self-Study (Downloadable PDF)

Surgent's Schedules K-2 and K-3: Filing Requirements | Self-Study (On-Demand)

Surgent's Schedules K-2 and K-3: Preparation of Forms | Self-Study (On-Demand)

Surgent's Taxation of Partnership Distributions and Sales of Partnership Interests | Self-Study (On-Demand)

Surgent's Top Ten Questions from Partnership Clients Regarding the Section 754 Election | Self-Study (On-Demand)

---