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Partnership Basis – A Calculation You Can Handle

Summary

Have you ever asked yourself what is the difference between a partner’s inside and outside basis? To properly advise your partnership clients, you need to know the difference between the two and how to calculate the amounts. In this webinar, you will learn how to calculate a partner’s inside and outside basis and why the capital account doesn’t necessarily equal the partner’s basis.

Objectives

Upon completion of this course, you will be able to:

  • Define basis for tax clients.
  • Define inside basis for tax clients.
  • Correctly calculate inside basis.
  • Define outside basis for tax clients.
  • Correctly calculate outside basis.
  • Describe the differences between inside and outside basis to tax clients at the tax desk.
  • Analyze how basis affects partners.

Course Details

This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Q&A transcript. CPE is issued after exam is successfully completed.






   

Presented by: Laura Strombom, EA, MBA, NTPI Fellow

How to Earn CPE

To receive credit for this on-demand webinar, you must make at least one attempt to answer each of the review questions included with the webinar video. You also must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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