Monday, July 21 | 3:20 p.m. - 5:00 p.m. | Concurrent Session
Demystifying Inside and Outside Basis
2 CPE for AFSP, EA, CFP®, CPA, CRTP
This class will demystify inside and outside basis once and for all! By the end of this session, you’ll have a thorough understanding of what inside and outside basis are, how they differ and how to calculate each with confidence. Whether you're advising clients or preparing returns, this course will equip you with the knowledge to easily handle basis-related issues.
Objectives
Upon completion of this session, you will be able to:
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Understand the terms inside basis and outside basis of a partnership
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Understand how inside basis and outside basis affect the taxpayer
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Learn how to calculate inside basis
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Learn how to calculate outside basis
CPE information
Duration: 100 minutes
Course level: Intermediate
Prerequisite: Basic understanding of partnership and s corporation taxation
Advanced preparation: None
Delivery method: Group Live
