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Partnerships: How to Calculate the Partner's Basis Webinar

CPE

When
Oct. 14
11:30 a.m. - 1:30 p.m.

CPE Credits
2-Tax

Details

 Pricing

PICPA Member: $79 | Nonmember: $104


 More Information

Course No.
FTSDHCP2
Level
Intermediate
Prerequisites
None

Description

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.




Speaker(s)


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