Date: Feb. 16, 2024
Time: 8 a.m. – 3:30 p.m. PT
Basis is a fundamentally important issue when dealing with pass-through entities, as it impacts the equity holder’s ability to deduct losses and/or receive distributions without a negative tax impact. As well, distributions from the different types of pass-through entities are subject to differences in treatment that can have a major impact on the tax liability of the client. This course will look at the rules on calculating basis, limitations on loss deductions (including at-risk rules), and the treatment of distributions.
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Practitioners who advise clients holding interests in pass-through entities and the pass-through entities themselves.
General Tax Knowledge
Understand inside and outside basis and gain/loss issues on formation
Perform calculation of basis based on annual activities of the pass-through entities
Understand how to structure distributions to avoid unpleasant, surprise tax liabilities
This course was recorded on 6/12/2023. The instructor will be available via the chat feature to answer questions during the presentation.