Partnership Basis: Inside and Out

2 Credits: Taxes


Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

 Secure Transaction

Partnership Basis: Inside and Out

Course Level
CPE Credits

2 Credits: Taxes

Course Description

Before this course, the detailed world of partnership basis calculations, with its nuances and IRS compliance focus, might seem daunting and complex for tax professionals. This course acts as a bridge, leading to a comprehensive understanding of this critical area. After completing the course, participants will transition from uncertainty to proficiency in determining accurate partner basis and developing effective troubleshooting strategies. The course covers a wide range of topics, including accurate calculations of inside and outside partnership basis, understanding the components of basis, and staying updated with the latest changes in partnership K-1 basis reporting. Participants will move from a basic grasp of basis calculations to mastering tax strategies that maximize benefits and minimize tax liabilities for partners. By the end of this course, participants will be well-equipped to navigate the complexities of partnership basis, ensuring accurate reporting, compliance, and strategic tax planning.

Show More
Show Less

Learning Objectives

Upon successful completion of this course, participants will be able to:

  1. Determine accurate basis for partners and develop strategies for troubleshooting basis issues.
  2. Calculate and track accurate inside and outside partnership basis with a strong understanding of the complex components of basis.
  3. Develop valuable tax strategies and tax planning moves to maximize a partner’s tax benefits for utilizing pass through losses and minimizing tax on distributions and sale of a partnership interest.
  4. Learn the latest changes to partnership K-1 basis reporting requirements.
  5. Understand other basis issues related to loss limitations, taxable distributions, compliance risk and tax planning.
Show More
Show Less

Course Specifics

Course ID
Revision Date
January 10, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01972-22-O
IRS Federal Tax Update Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1710
CTEC Federal Tax Update Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Jane Ryder, EA, CPA is the owner of Brass Tax Ryder Professional Group, Inc., a full service tax and accounting firm. Brass Tax (not affiliated with Brass Tax Presentations) has been providing tax and accounting services since 1980. Jane received a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and with the Internal Revenue Service as an Enrolled Agent. Brass Tax is a business centric practice, preparing and consulting on the preparation of Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment …