Partnerships: How to Calculate the Partner's Basis (C45390)


Cancellation Policy

Please note that this webinar is from a third party vendor, CPA Crossings. We strongly recommend registering no later than one-hour before the webinar begins. Please contact CPA Crossings webinar hotline if you do not receive your webinar invitation via email within five minutes after registering:  877-370-2220 ext. 1. Thank you.

Date(s):

04/02/2020

Registration Open:

12:00 AM - 11:00 AM

Time:

11:00 AM - 1:00 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

2.00

Field(s) Of Study:

Taxation (2.00)

Level of Knowledge:

Intermediate

Price:

Member: $79.00
Nonmember: $99.00

Individual Discounts:

Not Available

Overview

To provide a thorough review and update of the tax issues related to LLC/partnerships basis from formation through operations and concluding with sale and/or liquidation.

Highlights

  • Calculation of 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.
  • Discusses how basis is impacted by distributions of partnership property.
  • Explanation of how basis is impacted by sale and/or liquidation of the partnership interest.


Speaker(s)

Prerequisites

None