Partnerships: How to Calculate the Partner's Basis Webinar
Oct 14 11:30 - 1:30 p.m.
Online
2-Tax CPE Credits
A detailed analysis of the calculations related to determining a partner's tax basis for a partnerships interest using the Form 1065, Schedule K-1 information. An illustrated example with filled in forms will demonstrate how the process works and its many potential pitfalls.
This course qualifies for PTIN credit.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event. Highlights
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.
Comprehensive example to illustrate the mechanics of the basis determination process.
Discusses how basis is impacted by distributions of partnership property.
Explanation of how basis is impacted by sale and/or liquidation of the partnership interest.