February 14, 2023


Webinar


2 Total CPE Credits

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Partnerships: How to Calculate Partner Basis

Learning Objectives

After attending this presentation you will be able to...

  • Apply the latest tax provisions related to LLC members/partners basis from formation through operations and concluding with sale and/or liquidation
  • Calculate tax basis capital accounts

Major Topics

The major topics covered in this class include:

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

CPE Credits Available

2
Total CPE
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Basic working knowledge of partnership taxation.

Advanced Preparation

None

Intended Audience

CPAs working in public accounting firms and/or working for partnerships.

Provider

CPA Crossings

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