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LOCATION: Your Desk
SUMMARY: Forms 7217 and 7203 WEBCAST
DESCRIPTION: IRS Form 7217 is an IRS tax form required for partners receiving distributions of property from partnerships. Starting for tax years beginning in 2024\, a partner who receives property from a partnership must file Form 7217 with his or her annual income tax return. Form 7217 is filed by any partner receiving a distribution of property from a partnership to report the basis of the distributed property\, including any basis adjustment to such property as required by Section 732(a)(2) or (b). This new IRS form is part of the IRS’s
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