24SX-0096: Partnerships: How to Calculate Partner Basis (Self-Study)
Valid for one year from purchase date
Self-study - On-Demand
2 CPE (2 technical)
If the organization paying
for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.
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A detailed analysis of the calculations related to determining a partner's tax basis for a partnership interest. How to use the Form 1065 and Schedule K-1 information for basis determination will be reviewed. An illustrated example with filled in forms will demonstrate how the process works, including its many potential pitfalls.
Major subjects
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How to calculate the 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 partnership 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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Explanation of how basis is impacted by distributions of partnership property and sale and/or liquidation of the partnership interest
Learning objective(s)
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Apply the latest tax provisions related to LLC members/partners basis from formation through operations and concluding with sale and/or liquidation
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Calculate tax basis capital accounts
Who should take this program?
CPAs working in public accounting firms and/or working for partnerships.
Fees
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.
|
Standard Member Fee |
$58.00
|
 Standard Nonmember Fee |
$58.00
|
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level
Intermediate
Format
Self-study - On-Demand
Sponsor
NASBA ID#: 108744
Prerequisites
Prereq.
Basic working knowledge of partnership taxation.
Advance
prep
None
If the organization paying
for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.
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