Designed to get you up-to-speed quickly in the area of basis calculations and distribution planning for the owners of pass-thru entities (i.e., S corporations, partnerships, and limited liability companies (LLCs)). Review line-by-line analysis of the Schedule K-1s and how it affects the basis calculations. 

Session Information
Session Date:
November 09, 2018
Session Objectives
  • Once participants have completed this session they should be able to: List the 3 main reasons for calculating a shareholder's basis in a S corporation and partner/member's basis in a partnership/LLC Calculate the stock and debt basis for S corporation shareholders Calculate the basis for partners and members of a LLC Calculate losses allowed from at-risk activities Review the Form 1120S and Form 1065 Schedule K-1s to determine how the line items affect basis calculations and get reported on the individual owner's Form 1040
Pat Garverick's Basis Calculations & Distributions for Pass-Thru Entity_Part 1
Pat Garverick's Basis Calculations & Distributions for Pass-Thru Entity_Part 2
Pat Garverick's Basis Calculations & Distributions for Pass-Thru Entity_Part 3
Pat Garverick's Basis Calculations & Distributions for Pass-Thru Entity_Part 4
Individual topic purchase: Selected
Georgia Society of CPAs
General: 8.00
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