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Neal Nusholtz and George Gregory discuss what happens when there is a death of a partner if there has been a 754 election.
Tax Law Series: Basis Planning with S Corporations and Partnerships
On-Demand Seminar (Posted 02/21/22) | Level: Intermediate
Only the partnership interest and S corporation stock owned by decedent receive a step-up in basis at death, while the assets do not. Use the strategies presented here to adjust the basis of the assets belonging to an S Corporation or partnership.
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