October 3, 2025

Webinar

2 CPE

Partnership Essentials: Tax Basis Capital Accounts

October 3, 2025
Webinar
2 CPE

Partnership Essentials: Tax Basis Capital Accounts

  • Instructor

    Doug
    Van Der Aa

This course examines the critical issues and special opportunities facing partnerships and their partners, with a focus on reporting tax basis capital accounts. 

**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.

Learning Objectives

  • Define the tax consequences and various liabilities for both partnerships and LLCs
  • Apply rules for reporting tax basis capital accounts
  • Identify planning opportunities and potential pitfalls

Major Topics

  • Importance of tax basis capital accounts
  • Reporting negative tax basis
  • Tax accounting for property contributed to a partnership
  • Effect of the Ceiling Rule
  • Allocation of depreciation to partners
  • Alternative and Remedial Methods
  • Effect on financial capital accounts
  • Form 1065, Schedule K-1

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Taxes

Advanced Preparation

None

Intended Audience

Practitioners with partnership clients and those seeking knowledge on thorny partnership issues

Provider

ACPEN

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    Price includes $0.00 early registration discount(s) - expires 9/23

    Price includes $0.00 early registration discount(s) - expires 9/23

  • ASCPA Non-Member

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    Price includes $0.00 early registration discount(s) - expires 9/23

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