Episode
Enrolled Agent Exam [Part 2] 08, Special Allocations and §704(c) Built-In Gain
- Podcast
- Finance Exam Prep
- Published
- May 5, 2026
- Duration seconds
- 266
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
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Summary
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to calculate Section 704(c) built-in gain when a partner contributes appreciated property. - The mandatory allocation of pre-contribution gain back to the contributing partner when the partnership sells the asset. - The definition and impact of the "ceiling rule" limitation under the traditional allocation method. - The purpose of the traditional method with curative allocations and the remedial method in correcting ceiling rule distortions. - How to properly allocate post-contribution appreciation based on the partnership agreement. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep