Webinar: 2024 Partnerships and S Corporations: How to Calculate Basis

WB2141  |  Course  |  Intermediate  |  Scheduled


The IRS has recently increased the pressure on how to calculate and report partner and shareholder basis. Changes in the forms reflect these developm


Number of Credits Type of Credits
4.00 Taxes

Designed For

CPAs working in public accounting firms and/or working for partnerships or S corporation


Basic working knowledge of partnership and S corporation taxation


Calculation of basis when the entity is formed, including the impact of contributed property

How to calculate partnership tax basis capital accounts
Explains the use of both "inside" and "outside" basis determination
Clarifies the how partnerships and S corporations debt impacts tax basis
Discusses how distributions affect basis
Explains how basis is impacted by sale and/or liquidation of the partnership or S-corporation interest
Discusses how S corporation losses impact Form 1040 Schedule E reporting


Identify the tax issues related to LLC members/partners basis from formation through operations and concluding with sale and/or liquidation

Identify the tax issues related to S corporation owner's basis for shares and loans from formation through operations and concluding with sale and/or liquidation
Understand potential pitfalls and planning strategies




This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.


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Registration for this event has closed. If you have any question or concerns please give us a call at 615-377-3825 or send us an e-mail at registrar@tscpa.com