Partnerships: How to Calculate the Partner Basis

1:00 pm–2:40 pm ET

# of CPE Credits



A detailed analysis of the calculations related to determining a partner’s tax basis for a partnership interest. How to use the Form 1065, Schedule K-1 information for basis determination. An illustrated example with filled in forms will demonstrate how the process works and its many potential pitfalls.


To provide a thorough review and update of the tax issues related to LLC members/partners basis from formation through operations and concluding with sale and/or liquidation.


* How to calculate tax basis capital accounts * Calculation of basis when the entity is formed, including the impact of contributed property * Explains the use of both "inside" and "outside” basis determination * Clarifies the importance of partnership capital accounts and partnerships debt on partner's tax basis * Comprehensive example to illustrate the mechanics of the basis determination process * Discusses how basis is impacted by distributions of partnership property * Explanation of how basis is impacted by sale and/or liquidation of the partnership interest.

Who Should Attend

CPAs working in public accounting firms and/or working for partnerships.

Required Knowledge

Basic working knowledge of partnership taxation.

Advanced Prep


Event Speaker(s)

Mr. Steven C. Dilley, CPA, JD, Ph.D. ( Federal Tax Workshops, East Lansing, MI ),

Additional Event Information

Technical Support
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Also Available As

Thursday, September 1, 2022 (1:00 pm–2:40 pm ET)
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Tuesday, November 22, 2022 (11:00 am–12:40 pm ET)
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Thursday, December 8, 2022 (2:00 pm–3:40 pm ET)
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Friday, February 17, 2023 (1:00 pm–2:40 pm ET)
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Level: Intermediate

Event Code:W0004522

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$85.00
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