Enrolled Agent Exam [Part 2] 08, Special Allocations and §704(c) Built-In Gain

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- How to calculate Section 704(c) built-in gain when a partner contributes appreciated property.
- The mandatory allocation of pre-contribution gain back to the contributing partner when the partnership sells the asset.
- The definition and impact of the "ceiling rule" limitation under the traditional allocation method.
- The purpose of the traditional method with curative allocations and the remedial method in correcting ceiling rule distortions.
- How to properly allocate post-contribution appreciation based on the partnership agreement.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

Видео Enrolled Agent Exam [Part 2] 08, Special Allocations and §704(c) Built-In Gain канала Open Exam Prep