For one reason or another, a partner might decide to dispose of their interests in a partnership. There are numerous ways in which this can occur. A terminating partner could sell the interest to a third party or back to the partnership itself. A partnership interest could also be transferred to a corporation, exchanged for another partnership interest, or gifted. A partnership interests might also be terminated upon death of a partner. All these situations presents some unique tax challenges, such as basis adjustments and may even result in the technical termination of a partnership despite its continuing legal existence depending on the tax year involved. This module examines the tax implications of partnership sales and termination. Specifically, the first lesson considers the sale of a partnership interests, which is fairly unique given the flow through nature of a partnership. Because the sale of a partnership interest can create an inconsistency between inside and outside basis, the next lesson examines a special basis adjustment that puts everything back in balance. The third lesson considers an assortment of other partnership interests dispositions, such as transfers to a corporation, like-kind exchanges, gifts, and death of a partner. The last lesson examines the termination of a partnership entity, which can occur through sale, liquidation, or operation of law. Each lesson is separated in the concepts and applications using Sunchaser Shakery.