Great video. I would add, for those viewing this video, that section 1245 recapture plays a big deal on the liquidation of a partnership interest (especially publicly traded partnerships). While this was skipped over at 13:55 (no doubt for the sake of clarity), Farhat gives a great explanation of the imputed sale of this section 751 "Hot Asset" at ua-cam.com/video/wKoTezn9SsU/v-deo.html.
Great video! Thank you.
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Thank you and please visit the website for more farhatlectures.com/
Great video. I would add, for those viewing this video, that section 1245 recapture plays a big deal on the liquidation of a partnership interest (especially publicly traded partnerships). While this was skipped over at 13:55 (no doubt for the sake of clarity), Farhat gives a great explanation of the imputed sale of this section 751 "Hot Asset" at ua-cam.com/video/wKoTezn9SsU/v-deo.html.