Events Search
  Summary & Check Out (0)
Wednesday, May 12, 2021 Live Webcast

Partnerships: How to Calculate the Partner's Basis (X2-19714)

10:00 AM - 12:00 PM EDT
webcast

Vendor Platform

2.0 CPE Credits in TX

OVERVIEW

DESIGNED FOR

CPAs working in public accounting and/or working for partnerships.

BENEFITS

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

  • Provide a thorough review and update of the tax issues related to LLC members/partners basis from formation through operations and concluding with sale and/or liquidation.


HIGHLIGHTS

The major topics covered in this class include:

  • How to calculate tax basis capital accounts
  • 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 partnerships 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

COURSE LEVEL

Intermediate

PREREQUISITES

Basic working knowledge of partnership taxation.

ADVANCE PREPARATION

None

INSTRUCTOR

Steven Dilley

Steven C. Dilley, CPA, J.D., Ph.D.

PRICING

$69.00 - Member

$89.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

CPA Crossings