Partnership Taxation: Determining the Basis of Partners’ Interest in Partnerships Webinar (3 Hours)

Determining a partner's basis is key to figuring out the taxability of distributions, deductibility of losses, gain/loss on sale of the partnership interest, and other important matters. Using examples and case studies, this webinar focuses on how to determine the partner's basis in the partnership interest.
 

AGENDA HIGHLIGHTS

•  Inside and outside basis

•  Basis vs. capital accounts

•  Determination of the partner's basis in partnership interest

•  Definition of liability for partnership purposes and allocation among partners

•  Review of examples and case studies

•  Discussion of related IRS court cases

LEARNING OBJECTIVE  To show tax professionals how to determine the partner's basis in partnership interest.

PREREQUISITE  Basic knowledge of federal taxation.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Intermediate.
NASBA FIELD OF STUDY  Taxes.    DELIVERY METHOD  Group Internet-Based.