Partnership Investments - How to Calculate the Owner's Basis Webinar
Mar 22 10:00 - 12:00 p.m.
Online
2-Tax CPE Credits
To provide a thorough review and update of the tax issues related to LLC/partnership basis from formation through operations and concluding with sale and/or liquidation. Highlights
Discusses the calculation of basis when the entity is formed, including the impact of contributed property.
Explains the use of both "inside" and "outside" basis determination.
Clarifies the importance of partnership capital accounts and partnerships debt on partner's tax basis.
Uses a comprehensive example to illustrate the mechanics of the basis determination process.
Discusses how basis is impacted by distributions of partnership property.
Explains how basis is impacted by sale and/or liquidation of the partnership interest.