November 30, 2022


Webinar


4.4 Total CPE Credits

product-artwork-1769330

Partnerships and S Corporations: How to Calculate Basis

  • Instructor

    Steven Dilley

Major Topics

  • 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 partnerships and S corporations debt impacts tax basis
  • Discusses how distributions affect basis
  • Explains how basis is impacted by sale and/or liquidation of the partnership or S-corporation interest
  • Discusses how S corporation losses impact Form 1040 Schedule E reporting
  • Comprehensive examples to illustrate the mechanics of the basis determination process 

CPE Credits Available

4.4
Total CPE
4.4
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Basic working knowledge of partnership and S corporation taxation.

Advanced Preparation

None

Intended Audience

CPAs working in public accounting firms and/or working for partnerships or S corporation

Provider

ACPEN

Register For This Event

  • ASCPA Member

    $ 129 129
    Join
  • ASCPA Non-Member

    $ 159 159
    Your Price

Please login to register.