Inside Basis vs Outside Basis: The Foundational Distinction

This Program explains the critical distinction between a partnership’s inside

basis in its assets and a partner’s outside basis in the partnership interest.

This course focuses on how basis is created, adjusted, tracked, and

applied in common partnership transactions, including contributions,

allocations of income and loss, distributions, liabilities, transfers of

partnership interests, and liquidations. Attendees will learn how inside and

outside basis differences affect tax reporting, loss deductibility, gain

recognition, and planning opportunities, with an emphasis on identifying

common compliance risks and applying the rules in real world client

situations.

"Our best deal is always to become a monthly subscriber"

*Self-Study recording available for IRS CE Credit only (NO CPE)

NASBA Field of Study:  Taxes

IRS Program #: 7Q3WU-T-00981-26

CTEC Course #: 6248-CE-00337

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