Online Workshops

 

 

Business K-1s to Schedule E Online Workshop

Summary

Schedule E, Page 2, can be overwhelming. This workshop details how to report income, deductions, and losses allocated on Schedule K-1 from partnerships and S corporations. We will review outside basis, at-risk basis, passive loss, and excess business loss rules for partners and S corporation shareholders. Additionally, we will highlight other unique items such as how a partner or shareholder deducts §179 depreciation , qualified business income, excess business interest expense passed through to a partner or shareholder, and other miscellaneous items.

Objectives

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

  • Determine taxpayer's basis in a partnership or S corporation.
  • Report Schedule K-1 information on Schedule E, page 2.
  • Report partner's unreimbursed partnership expenses.
  • Report taxpayer's interest expense allocable to a partnership or S corporation.
  • Determine the allowable pass through loss deduction.
  • Identify tax impact of loan repayments on partners and shareholders.
  • Summarize the §179 limitations for partners and shareholders.
  • Identify and properly report QBI allocations form the Schedule K-1.
  • Explain how to report excess business interest under §163(j) from pass through entities.
  • Explain how to handle missed depreciation.

Course Details

This course includes a student handout and online workshop recording.






   

Presented by: Kelly Lent-Paul, EA, CFP®

How to Earn CPE

To receive full credit for this online workshop, you must provide us with at least 70% of the polling words that are communicated by the instructor throughout the workshop.

These polling words should be entered in the survey tool that launches automatically when the GoToWebinar window is closed at the conclusion of the workshop. If you are unable to access the survey, polling words can be emailed to learn@natptax.com​.

Please allow up to 7 days for us to verify attendance and issue certificates.​

Cancellation Policy

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

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