Mastering Partnership Basis: Inside and Outside Basis (C68157)

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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):

05/19/2025

Registration Open:

12:00 AM - 9:00 AM

Time:

9:00 AM - 11:00 AM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

2.00

Field(s) Of Study:

Taxes (2.00)

Level of Knowledge:

Intermediate

Price:

Member: $89.00
Nonmember: $109.00

Individual Discounts:

Not Available

Overview

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

  • Implement practical strategies based on a thorough understanding of the complex rules for retirement distributions
  • Implement practical strategies in determining a partner&rsquo:s tax basis for a partnership interest
  • Identify the use of Form 1065, Schedule K-1 information for basis determination.

Highlights

The major topics that will be covered in this course include:

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

Speaker(s)

Prerequisites

Basic working knowledge of business taxation.