# Enrolled Agent Exam [Part 2] 08, Special Allocations and §704(c) Built-In Gain

Page: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-08-special-allocations-and-704-c-built-in-gain
Text version: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-08-special-allocations-and-704-c-built-in-gain.md
Podcast: [Finance Exam Prep](https://stenobird.com/podcast/finance-exam-prep-7658413)
Published: 2026-05-05T22:41:20+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/57ea5aa4-58dd-4b98-859b-3143d6bfa06e.mp3
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Duration seconds: 266

## Resource

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

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## Transcript

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