Partnerships: How to Calculate Partner Basis
Monday, April 21, 2025
12:30-2:30 p.m. Central
2 CPE (2 technical)
Course code: 25WX-0260
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Online registration is not available due to server maintenance.
Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.
A detailed analysis of the calculations related to determining a partner's tax basis for a partnership interest. How to use the Form 1065 and Schedule K-1 information for basis determination will be reviewed. An illustrated example with filled in forms will demonstrate how the process works, including its many potential pitfalls. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
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How to calculate the basis when the entity is formed, including the impact of contributed property
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Explains the use of both "inside" and "outside" basis determination
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Clarifies the importance of partnership capital accounts and partnerships debt on partner's tax basis
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Comprehensive example to illustrate the mechanics of the basis determination process
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Explanation of how basis is impacted by distributions of partnership property and sale and/or liquidation of the partnership interest
Learning objectives
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Apply the latest tax provisions related to LLC members/partners basis from formation through operations and concluding with sale and/or liquidation
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Calculate tax basis capital accounts
Who should take this program?
- CPAs working in public accounting firms and/or working for partnerships.
Pricing
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Standard Member Fee |
$89.00
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 Standard Nonmember Fee |
$89.00
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