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Partnership Investments - How to Calculate the Owner's Basis FTDPIH2
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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.

12/11/2017
When: 9:00 AM to 11:00 AM
Where: Webinar/Webcast
United States
Presenter: Steven C. Dilley, CPA, JD, PhD
Contact: April Deneault
801-466-9117
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Taxation

Field of Study

Taxation

Credit:  2

Level:  Intermediate

Designed for:

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

Objective

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.

Description

  • 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.

 

Price:  $79.00

Link to register:  http://cpe.cpacrossings.com/FTDPIH2?partner=uacpa

Event Code:  8295

Keywords:

Partnerships Capital Accounts Basis Form 1065 Schedule K-1

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