IRC Section 754 is a complex and critical part of the Code for advisers working on partnership tax matters. Failure to understand it can result in unnecessary tax issues for individual partners. In this practical webinar, you’ll receive step-by-step guidance on the rules, practical calculations, allocations, and reporting mechanics of Section 754. You’ll learn how to take advantage of Section 754 election opportunities and save money on taxes. Learning Objectives After viewing this webinar, you’ll be able to: Identify what a Section 754 election is Recognize the rules involved in making a Section 754 election Distinguish between when it is – and isn’t – appropriate to make a Section 754 election Describe how to make a Section 754 election Identify basis and depreciation issues, and Describe how to calculate adjustments