TAX2411. Partnership Hot Topics: Basis Adjustments

This session will explore the complex world of partnership basis adjustments. We will explore when a partnership is permitted to make basis adjustments, as well as when basis adjustments are mandatory. The session will include a discussion of the allocation of basis adjustments to partnership property and give consideration to planning around this complex tax area.

Learning Objectives:

• Recognize when optional basis adjustments can be made.
• Distinguish the different adjustments available under Sec. 743 and Sec. 734.
• Recognize planning opportunities around partnership basis adjustments.