Print Page   |   Contact Us   |   Sign In   |   Join
Partnership Investments - How to Calculate the Owner's Basis - 6010
Tell a Friend About This EventTell a Friend
 

A detailed analysis of the calculations related to determining a partner's tax basis for a partnership interest using the Form 1065, Schedule K-1 information. An illustrated example with filled in forms will demonstrate how the process works and its many potential pitfalls.

7/11/2016
When: Monday, July 11, 2016
8:30 AM - 10:30 AM
Where: Webinar/Webcast
United States
Contact: April Deneault

« Go to Upcoming Event List  

Acronym TDPIH2
CPE 2 hours
Category
Taxation
Level Intermediate
Vendor Federal Tax Workshops, Inc.
Who should attend

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

Prerequisite
None
Fees: Early Bird
Standard
Member N/A
$79
Non-Member: N/A
$79

Description 
A detailed analysis of the calculations related to determining a partner's tax basis for a partnership interest using the Form 1065, Schedule K-1 information. An illustrated example with filled in forms will demonstrate how the process works and its many potential pitfalls.



Specific topics include:

  • Discusses the 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.
  • Uses a comprehensive example to illustrate the mechanics of the basis determination process.
  • Discusses how basis is impacted by distributions of partnership property.
  • Explains how basis is impacted by sale and/or liquidation of the partnership interest

Objectives

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

 REGISTER HERE

 

Membership Management Software Powered by YourMembership  ::  Legal