Episode
Enrolled Agent Exam [Part 2] 12, Partnership Termination and Dissolution
- Podcast
- Finance Exam Prep
- Published
- May 9, 2026
- Duration seconds
- 190
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
Actions
POST https://stenobird.com/v1/public/podcasts/finance-exam-prep-7658413/episodes/enrolled-agent-exam-part-2-12-partnership-termination-and-dissolution/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-12-partnership-termination-and-dissolution.md
Read the agent-friendly Markdown representation of this episode resource.
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 In this episode you will learn: - That the technical termination rule, triggered by a 50% ownership change, was repealed and is a common exam trap. - The two conditions under IRC §708(b)(1) that cause an actual partnership termination: cessation of all business and no continuation in partnership form. - The critical distinction between a partnership's dissolution under state law and its termination for federal tax purposes. - The tax consequences of termination, such as filing a final Form 1065 and issuing final Schedule K-1s. - The rules for a partner to recognize a capital gain or loss upon receiving a final liquidating distribution. 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