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DTSTAMP:20260506T035550
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DTSTART:20261207T150000Z
DTEND:20261207T170000Z
UID:503350
SUMMARY:Surgent's Understanding Partnership Taxation: Debt Allocations (PTA2)
LOCATION:Webinar
DESCRIPTION:Surgent's Understanding Partnership Taxation: Debt Allocations (PTA2)\n\n12/07/26 09:00 AM CST\n - 12/07/26 11:00 AM CST\Description:\nHow 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 – 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 partnership
 Recognize how recourse and nonrecourse debt are allocated to partners
 Identify the tax effects of 704(c) on contributed property
 Presenters:Dave Peters, CPA, CFP, CLU, CPCU, MST, MBAField of Study:Taxes (2)Major Topics:
 Recourse debt allocations
 Constructive liquidation scenarios
 Nonrecourse debt allocations
 Minimum gains and nonrecourse deductions
 Section 704(c) gains
 Allocations under 704(c)
 \Location:\nWebinar\n\n,
X-ALT-DESC;FMTTYPE=text/html:Surgent's Understanding Partnership Taxation: Debt Allocations (PTA2)<br /><br />12/07/26 09:00 AM CST - 12/07/26 11:00 AM CST<br />Description:<br />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 – how you do it, what it means, and why you do it.<br><br><b>Objectives:</b><br><ul>
    <li>State how debt allocations affect the calculation of a partner&rsquo;s basis in the partnership</li>
    <li>Recognize how recourse and nonrecourse debt are allocated to partners</li>
    <li>Identify the tax effects of 704(c) on contributed property</li>
</ul><br><b>Presenters:</b><br>Dave Peters, CPA, CFP, CLU, CPCU, MST, MBA<br><br><b>Field of Study:</b><br>Taxes (2)<br><br><b>Major Topics:</b><br><ul>
    <li>Recourse debt allocations</li>
    <li>Constructive liquidation scenarios</li>
    <li>Nonrecourse debt allocations</li>
    <li>Minimum gains and nonrecourse deductions</li>
    <li>Section 704(c) gains</li>
    <li>Allocations under 704(c)</li>
</ul><br />Location:<br />Webinar<br /><br />,  
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