Mar 29, 2026  
Academic Catalog 2025-2026 
  
Academic Catalog 2025-2026
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CETAX 531 - Partnership and LLC Taxation


This course examines the federal income tax treatment of partnerships and partners. Students study partnership formation; problems of partnership operation including distributions; sales and exchanges of partnership interests; partnership terminations and liquidations; special basis adjustments; and the role of partnership as investment vehicles. The treatment of limited liability companies and limited liability partnerships are also examined. Students will be required to prepare a Form 1065.



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