Calculating a Partner's or LLC Member's Basis Webinar

• Understand how a partner/member determines his or her basis
• Identify and understand the specific negative and positive adjustments to a partner's basis and the ordering rules applicable to such adjustments

• How to determine partner basis in a partnership or multiple member limited liability company treated as a partnership
• Specific positive and negative partner/member basis adjustments
• The ordering rules for making multiple basis adjustments
• The treatment of recourse and nonrecourse liabilities as components of basis