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NTA2303

Partnership Tax Saving Strategies

Date
November 13, 2023
$49
Standard Price
This product is also available as part of the following products:
Thumbnail for 2023 AICPA & CIMA National Tax and Sophisticated Tax Conference
This includes sessions from the conference: 2023 AICPA & CIMA National Tax and Sophisticated Tax Conference

In this session, Brian and Brandon will explore basis adjustments available under Sec. 754. They will look at when and how to go about making these basis adjustments and will analyze the impact of making (or not making) an adjustment. The discussion will cover the initial calculation of the adjustment and the allocation of the adjustment to partnership assets, along with the depreciation benefits available after an adjustment is made.

Learning Objectives

  • Determine when optional basis adjustments can be made and how to make them.
  • Analyze opportunities to adjust the basis in partnership property.
  • Apply knowledge of depreciation related to basis adjustments.

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