Surgent's Understanding Partnership Taxation: Debt Allocations (PTA2)
2025-12-08 15:00 - 17:00 UTC | Webinar
Surgent's Understanding Partnership Taxation: Debt Allocations (PTA2)

12/08/25 09:00 AM CST
- 12/08/25 11:00 AM CSTDescription:
How debt is allocated to the partners in a partnership is important. It dictates how much money may be taken tax-free as a distribution, the losses that flow down to the partners, and the gain or loss on the sale of a partnership interest. However, the allocation of debt can differ depending on the type of debt it is and the type of partner we are talking about. Furthermore, 704(c) can complicate things. And what in the world is a constructive liquidation scenario? In this course, we will tackle the concept of debt allocations â€“ how you do it, what it means, and why you do it.Objectives:State how debt allocations affect the calculation of a partner’s basis in the partnershipRecognize how recourse and nonrecourse debt are allocated to partnersIdentify the tax effects of 704(c) on contributed propertyPresenters:Dave Peters, CPA, CFP, CLU, CPCU, MST, MBAField of Study:Taxes (2)Major Topics:Recourse debt allocationsConstructive liquidation scenariosNonrecourse debt allocationsMinimum gains and nonrecourse deductionsSection 704(c) gainsAllocations under 704(c)Location:
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