Basics of Basis Self-Study


If your client bought or sold assets, the basis of those items is critical to the future calculation of capital recovery, gain or loss realization and recognition, and depreciation. Attendees of this self-study course will learn how to determine an asset's initial basis and how to calculate adjustments to that basis. Assets to be considered include tangible or intangible property (real and personal property), stocks, bonds and mutual funds, as well as partnership and S corporation interests.


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

  • Identify basis based on various means of acquisition, including purchase, creation, gift and inheritance.
  • Identify payments capitalized as part of basis and those expensed as a current operating expense.
  • Calculate the basis of stocks.
  • Calculate the basis of mutual funds using the allowable methods.
  • Apply the timing and ordering of basis adjustments.
  • Differentiate between a partner’s outside and inside basis in a partnership.
  • Recognize the difference between a shareholder’s stock basis and debt basis in an S corporation.

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.


Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

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

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