Mastering Partnership Basis: Inside and Outside Basis

Overview

This course will be available for 90 days from your date of purchase. 

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.

Prerequisites

Basic working knowledge of business taxation.

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 <span>Form 1065, Schedule K-1 information for basis determination