Back to Search

Partnership Preparation, Basis Calculations and Distributions: Form 1065 Schedule K & K1 Analysis Webinar


Aug. 3
11:30 a.m. - 7:00 p.m.

CPE Credits



PICPA Member: $295 | Nonmember: $400

 More Information

Course No.


Be able to form a partnership and calculate its initial inside basis in the assets and partner's outside basis in the entity.Prepare a basic partnership (Form 1065) Schedule K including reporting of cash and non-cash distributions.Determine how Schedule K items get allocated to partners/members on their individual Schedule K-1.Identify the three main reasons for calculating a partner's or member's basis in a partnership/LLC.Calculate a partner's tax basis capital account (as required on the 2020 form 1065)Calculate a partner's or member's outside basis and determine if losses and deductions are limited on their individual income tax return.


Get up to speed quickly on partnership and LLC formation, as well as preparation issues and calculating a partner's and LLC member's basis. Take a line-by-line analysis of Form 1065 Schedule K and K-1 and how these items affect the partner's or member's individual income tax return. Each attendee will receive a comprehensive reference manual that includes practice aids and real-world examples and case studies.


You May Also Like

Tax Con - Wednesday Only - Webcast
Nov. 17 | Webinar
Entertainment and Parking: Coping with the Final Rules Webinar
May 7 | Webinar
This program reviews the statutory and regulatory guidance as they related to fringe benefits, with emphasis on entertainment/business transportation expenses, qualified employer-provided parking and meals expense reporting. Recent federal tax ...
CFO Series - May 2021 Webinar Bundle Webinar
May 7 | Webinar
The CFO Series provides a convenient, one-stop way for senior level financial managers and executives, CFOs and those who aspire to be CFOs, to attend multiple webinars of CPE with ...