IRC Section 751 (Hot Assets) was enacted to prevent the conversion of ordinary income into a capital gain to obtain a lower tax rate. In a disposition, sale or exchange of all or part of a partnership, these rules can make an enormous difference in tax liability unless they are handled properly. This webinar will focus on application of rules under Section 751 (Hot Assets) and will include a discussion of Hot Assets and the reporting requirements, as well as how to make the necessary computations.