Partnership Liquidating Distributions Made Easy

Master partnership liquidating distributions with this step-by-step Subchapter K overview. This video walks through how outside basis, inside basis, cash and property distributions, hot assets, §731 gain recognition, §732 property basis adjustments, and ordering rules apply during a partnership liquidation.

Perfect for CPA Exam REG, EA candidates, tax students, and practitioners needing a clear breakdown of liquidating distribution rules and basis mechanics.

What You Will Learn
• Partnership liquidating distribution rules under Subchapter K
• How outside basis limits gain recognition
• How §731 determines when gain is required
• How inside basis affects distributed property
• §732(a) and §732(b) basis adjustments
• Treatment of cash, property, and hot assets
• Ordering rules for liquidating distributions
• Step-by-step calculations + multiple worked problems
• How to compute partner basis in liquidation vs. current distributions
• Practice examples for CPA, EA, and tax students

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Video Chapters

00:00 – Introduction
02:55 – Basis Rule
09:24 – Ordering Rules
13:08 – Outside Basis Greater Than Distribution (Overview)
22:04 – Outside Basis Less Than Distribution (Overview)
29:07 – Problems 1 & 2
33:02 – Problems 3 & 4
37:23 – Problems 5 & 6
42:39 – Comprehensive Problem

About Brian Winrow

Brian Winrow is a tax attorney and educator with extensive experience in taxation, accounting, and business. He holds a J.D., LL.M. in Taxation, DBA, MAcc, and MBA, and is licensed to practice before the U.S. Tax Court. He also maintains active professional certifications in taxation and fraud examination. Brian teaches undergraduate and graduate-level tax and accounting courses and focuses on making complex tax concepts easy to understand. He is the founder of Winrow Tax Services, where he works with individuals and businesses on a wide range of tax matters.

If you're interested in working with Brian or learning more about his tax practice, you can visit Winrow Tax Services at www. winrowtax.com.

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