Self-Study

Mastering Partnership Basis: Inside and Outside Basis

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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.

Major subjects

• Explain the use of both "inside" and "outside" basis determination.
• How to calculate tax basis capital accounts, including when the entity is formed, including the impact of contributed property.
• Clarify the importance of partnership capital accounts and partnerships debt on partner's tax basis.
• Explanation of how basis is impacted distributions and by sale and/or liquidation of the partnership interest.
• Comprehensive example to illustrate the mechanics of the basis determination process.

Learning objectives

• Implement practical strategies based on a thorough understanding of the complex rules for retirement distributions.
• Implement practical strategies in determining a partner's tax basis for a partnership interest.
• 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

Our records indicate you are a nonmember. If you register, you will be charged $58.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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Related programs

May 13, 2026 | Mastering Partnership Basis: Inside and Outside Basis | Webinar

May 14, 2026 | Surgent's Understanding Partnership Taxation: Debt Allocations | Webinar

May 20, 2026 | Surgent's Understanding Partnership Taxation: Types of Basis, Contributions and Distributions | Webinar

May 20, 2026 | Mastering Partnership Basis: Inside and Outside Basis | Webinar

May 21, 2026 | Partnership Preparation, Basis Calculations and Distributions: Form 1065 Schedule K and K-1 Analysis | Webinar

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