Income Tax Accounting for Partnerships and Partners (LITX01/23, LITX21/23)

Taxes

Income Tax Accounting for Partnerships and Partners (LITX01/23, LITX21/23)

Part 1 (of this two-part course) focuses on a partner (or LLC member) entering into a partnership (including an LLC taxed as a partnership) and capital accounts and basis. Both book and tax capital accounts will be discussed along with both inside tax basis in partnership assets and outside basis of a partner in his, her or its partnership interest. Discussion Leaders: Bradley Burnett and E. Lynn Nichols