New
Mastering Partnership Basis: Inside and Outside Basis
Friday, June 6, 2025
2:30-4:30 p.m. Central
2 CPE (2 technical)
Course code: 25WX-1049
View pricing
This course will provide a detailed analysis of how to determine a partner's tax basis for a partnership interest, with an explanation of the use of both "inside" and "outside" basis determination. An illustrated example with filled in forms will demonstrate how the process works and the 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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Explain the use of both "inside" and "outside" basis determination
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How to calculate tax basis capital accounts, including when the entity is formed, including the impact of contributed property
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Clarify the importance of partnership capital accounts and partnerships debt on partner's tax basis
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Explanation of how basis is impacted distributions and by sale and/or liquidation of the partnership interest
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Comprehensive example to illustrate the mechanics of the basis determination process
Learning objectives
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Implement practical strategies based on a thorough understanding of the complex rules for retirement distributions
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Implement practical strategies in determining a partner's tax basis for a partnership interest
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Identify the use of Form 1065, Schedule K-1 information for basis determination
Who should take this program?
- CPAs working in public accounting firms and/or working for partnerships
Pricing
|
Standard Member Fee |
$89.00
|
 Standard Nonmember Fee |
$89.00
|
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