New
21WX-3204: Partnerships: How to Calculate the Partner's Basis (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Monday, March 14, 2022
1:00pm - 3:00pm Central Time
2 CPE (2 technical)
A detailed analysis of the calculations related to determining a partner's tax basis for a partnerships interest, how to use the Form 1065, Schedule K-1 information for basis determination. An illustrated example with filled in forms will demonstrate how the process works and its many potential pitfalls. NOTE: "Tax basis" capital accounts must be reported in 2020 Form 1065 K-1s - this course will explore what that means and how to calculate tax basis capital accounts. 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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The major topics covered in this class include:
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How to calculate tax basis capital accounts
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Calculation of 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 partnerships 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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Discusses how basis is impacted by distributions of partnership property
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Explanation of how basis is impacted by sale and/or liquidation of the partnership interest
Learning objective(s)
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Provide a thorough review and update of the tax issues related to LLC members/partners basis from formation through operations and concluding with sale and/or liquidation.
Who should take this program?
CPAs working in public accounting and/or working for partnerships.
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$79.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
|
Standard Member Fee |
$79.00
|
 Standard Nonmember Fee |
$79.00
|
