Partnership Property Distributions and the New Form 7217
September 16, 2025
Webinar
1 CPE
Instructor
Steve Dilley
Partnership Property Distributions and the New Form 7217
View Bio
Instructor
Steve
Dilley
View Bio
Steve Dilley
Bio
Steven C. Dilley is a professor at Michigan State University where he teaches tax accounting. He obtained his Ph.D in accounting from the University of Wisconsin Madison in 1972. In 1969 he also received a law degree and an undergraduate accounting degree from UW- Madison. He is a member of the Wisconsin Bar Association, the American Bar Association, the Wisconsin Institute of CPA's, the Michigan Association of CPA's, the American Accounting Association,The American Institute of CPA's, the American Taxation Associaiton, and the Hawaii Association of Public Accountants. Steve is the President of the Federal Tax Workshops, Inc. This organization prepares continuing education materials and presents continuing education programs for accountants and attorneys throughout the United States. Steve is nationally known for his knowledge of taxation in general and especially for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on those topics.
This program will address the complex rules for partnership distribution of property with a focus on liquidating of a partner's interest, Section 751 and how to complete the new Form 7217.
Learning Objectives
Implement practical strategies based on a thorough understanding of the complex rules for partnership distributions of property
Identify and recall key compliance issues
Identify and recall significant issues in the Form 7217
Major Topics
Property distributions in liquidation of a partner's interest
Section 751 and its impact on property distributions from a partnership
Mechanics of completing Form 7217
new for 2024
The Section 754 election and its role in partnership property distributions
CPE Credits Available
1 CPE
1
Taxes
Things to Know About This Course
Course Level
Intermediate
Professional Area of Focus
Taxes
Advanced Preparation
None
Intended Audience
CPAs and members in industry seeking an in-depth review of partnership property distributions