State Taxation of Partnership Interest Sales: Recent Legislation, State Apportionment and Allocation Methods, Business vs. Nonbusiness Income
Note: CLE credit is not offered on this program
A live 110-minute CPE video webinar with interactive Q&A
This webinar will analyze state rules for taxing partnership interest sales and explain the application of these diverse guidelines for multistate companies and their advisers. Our panel of SALT experts will explain how to identify who is selling the partnership, review business vs. nonbusiness income, discuss apportionment and allocation rules, and provide examples of these thorny calculations and their application in specific states.
Outline
- SALT taxation of partnership interest sales: introduction
- Identifying the seller
- Which states may tax the gain
- Business vs. nonbusiness income
- Relevant apportionment or allocation rules
- Taxing the sale
- Entity-level taxation
- Treatment as a single-member LLC
- Technical developments affecting a sale
Benefits
The panel will cover these and other key issues:
- Determining apportionment and allocation rules for specific states
- State trends and recent rulings impacting the sale of partnership interests
- Identifying specific state criteria for taxing nonresident sales of partnerships
- How potential double state taxation affects the disposition of a partnership
Faculty

John Damin
Managing Director
BDO USA
Mr. Damin is a Managing Director whose primary focus is in state and local income/franchise tax. His state tax... | Read More
Mr. Damin is a Managing Director whose primary focus is in state and local income/franchise tax. His state tax experience, spanning more than a decade, includes tax planning, tax compliance, controversy, state tax provision review, and sales and use tax.
Close
Andre Thickening
Senior Manager - State & Local Tax Services
BDO USA
Mr. Thickening is a Senior Manager - State & Local Tax Services at BDO USA.
| Read MoreMr. Thickening is a Senior Manager - State & Local Tax Services at BDO USA.
CloseEarly Discount (through 05/23/25)
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event.
See
NASBA details.
Cannot Attend June 18?
Early Discount (through 05/23/25)
CPE credit is not available on downloads.
CPE On-Demand