Partnerships: How to Calculate Partner Basis
Friday, April 24, 2026
4-5:55 p.m. Central
2 CPE (2 technical) | 2 IRS CE
Course code: 26WA-1005
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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
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Calculation of basis when the entity is formed, including the impact of contributed property
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How to calculate partnership tax basis capital accounts
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Explains the use of both "inside" and "outside" basis determination
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Clarifies the how partnership debt impacts tax basis
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Discusses how distributions affect basis
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Explains how basis is impacted by sale and/or liquidation of the partnership interest
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Comprehensive examples to illustrate the mechanics of the basis determination process
Learning objectives
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Apply the latest tax provisions related to LLC members/partners basis from formation through operations and sale/liquidation
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Identify the use of both "inside" and "outside" basis determination
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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
|
Standard Member Fee |
$79.00
|
 Standard Nonmember Fee |
$79.00
|
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Instructor
Steven Dilley, PhD, CPA, JD
Location
Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level
Intermediate
Format
Group Internet Based
Sponsor
NASBA ID#: 107810
Prerequisites
Prereq.
Basic working knowledge of business and partnership taxation
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business
days before the event start date.
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