Webinar

Partnerships: How to Calculate Partner Basis

If you have questions about this event, please call us at 952-831-2707.

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This program provides a detailed analysis of the calculations related to determining tax basis for a partnership interest. Illustrated examples with filled in forms will demonstrate how the processes works and their many potential pitfalls.

Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Major subjects

• Calculation of basis when the entity is formed, including the impact of contributed property
• How to calculate partnership tax basis capital accounts
• Explains the use of both "inside" and "outside" basis determination
• Clarifies the how partnership debt impacts tax basis
• Discusses how distributions affect basis
• Explains how basis is impacted by sale and/or liquidation of the partnership interest
• Comprehensive examples to illustrate the mechanics of the basis determination process

Learning objectives

• Apply the latest tax provisions related to LLC members/partners basis from formation through operations and sale/liquidation
• Identify the use of both "inside" and "outside" basis determination
• Identify planning strategies and potential pitfalls

Who should take this program?

• CPAs in public practice and industry seeking an update on the latest tax developments impacting partnerships and LLCs

Pricing

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.