Preparing Partnership Returns Self-Study


Are you looking to expand your practice by preparing partnership returns? This is a great course for you! You will learn the basics of partnership taxation and completing a partnership return with accompanying schedules. You'll also learn how to track partners’ basis in the partnership and the impact of partnership distributions.


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

  • Identify the advantages and disadvantages of forming a partnership.
  • Identify the tax consequences of forming a partnership, including contributions of property or services.
  • Analyze a partnership agreement and profit/loss allocations.
  • Complete a basic Form 1065, including Schedules K, K-1, L, M-1 and M-2.
  • Correctly report fringe benefits for partners, guaranteed payments, and separately stated items.
  • Compute partnership net earnings (losses) for self-employment.
  • Recognize items that increase or decrease partnership basis.
  • Compute a partner’s end-of-year basis in a partnership.
  • Determine which liabilities increase a partner’s at-risk basis.
  • Analyze distributions from a partnership for tax reporting.

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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