April 5, 2023


Webinar


4.4 Total CPE Credits

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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

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