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Mastering Partnership Basis: Inside and Outside Basis
Course Code:
FTSDMPB2
Program Level:
Intermediate
Description:
This course will provide a detailed analysis of how to determine a partner’s tax basis for a partnership interest, with an explanation of the use of both “inside” and “outside” basis determination. An illustrated example with filled in forms will demonstrate how the process works and the potential pitfalls.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Program Content:
The major topics that will be covered in this course include:
- Explain the use of both “inside” and “outside” 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.
Learning Objectives:
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’s tax basis for a partnership interest
- Identify the use of Form 1065, Schedule K-1 information for basis determination.
Who should attend:
CPAs working in public accounting firms and/or working for partnerships.
Developed By:
Federal Tax Workshops, Inc
Instructor:
Steven C. Dilley, CPA, JD, PhD
CPE Credit:
2
Field of Study:
Taxes (2.0 CPE)
Prerequisites:
Basic working knowledge of business taxation.
Advanced Preparation:
None
Format:
Group-Internet-Based
OR
Register By Phone: Call 877.370.2220 and press “1” for the webinar hotline to register
Price
Single Registration
$89.00
Upcoming Dates
- 5/19/2025 @ 10:00 AM
- 6/6/2025 @ 3:30 PM
- 6/20/2025 @ 11:30 AM
- 7/11/2025 @ 12:30 PM
- 7/23/2025 @ 3:00 PM
- 8/8/2025 @ 3:30 PM
- 8/22/2025 @ 12:30 PM
- 9/12/2025 @ 10:30 AM
- 9/24/2025 @ 10:00 AM
- 10/2/2025 @ 2:00 PM
- 10/20/2025 @ 4:00 PM
- 11/4/2025 @ 1:00 PM
- 11/10/2025 @ 11:00 AM
- 12/6/2025 @ 12:00 PM
- 12/10/2025 @ 2:30 PM
- 1/8/2026 @ 3:30 PM
- 1/23/2026 @ 1:30 PM
- 2/16/2026 @ 2:00 PM
- 2/18/2026 @ 10:00 AM
- 3/6/2026 @ 2:00 PM
- 3/31/2026 @ 2:00 PM
- 4/1/2026 @ 3:30 PM
- 4/21/2026 @ 1:30 PM
All times are Eastern Time Zone
