Understanding Partnership Taxation: Types of Basis, Contributions, and Distributions (X1-PTB4-2026-01-WEBNR-231-01)

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Wednesday, August 19, 2026 Live Webcast

1:00 PM - 4:30 PM EDT

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4 CPE Credits in TX

Calculating partnership basis is one of the most important things that we do as practitioners. However, it is also one of the most confusing.

DESIGNED FOR

Tax practitioners who are looking to improve their knowledge of basis types, the calculation of basis, and the implications of making contributions to a partnership

BENEFITS

Calculate inside basis, outside basis, and 704(b) basis
Recognize the concept of substantial economic effect
List the three requirements that need to be present for an allocation to be deemed to have economic effect
Calculate the reallocation of items of gains and loss under IRC 704(b) when a qualified income offset is present
Recognize the tax effects of transferring cash, property, and services to a partnership
Recall the tax effects of contributing assets that are encumbered by debt to a partnership
List the key rules of thumb to remember when dealing with distributions
State the ordering rules for calculating a partner’s tax basis
Describe the key differences between liquidating and non-liquidating distributions
Determine any applicable tax gains and losses of cash and property distributions
State the ordering rules for hybrid distributions that involve both cash and property

HIGHLIGHTS

Three different types of basis
Contributions of property
IRC 704(b) – Capital Accounts and Special Allocations
Contributions of property and debt
Contributions of services
IRS Notice 2020-43

COURSE LEVEL

Intermediate

PREREQUISITES

Working knowledge of fundamental partnership tax concepts

ADVANCE PREPARATION

None

ADDITIONAL NOTES

Qualifies for IRS credit

David R. Peters, CPE, CFP, CLU, CPCU, MST, M.B.A.
(5.0)

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PRICING

$149.00 - Member

$289.00 - Nonmember

Note: Online pre-registration will close on August 19 at 12:30 PM.

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IRS (EA)

Understanding Partnership Taxation: Types of Basis, Contributions, and Distributions (X1-PTB4-2026-01-WEBNR-231-01)

OVERVIEW

DESIGNED FOR

BENEFITS

HIGHLIGHTS

COURSE LEVEL

PREREQUISITES

ADVANCE PREPARATION

ADDITIONAL NOTES

SESSIONS

INSTRUCTOR

David R. Peters, CPE, CFP, CLU, CPCU, MST, M.B.A.
(5.0)

PRICING

ADDITIONAL OPTIONS

Request a Reminder

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COURSE DEVELOPER

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Data Alerts

Understanding Partnership Taxation: Types of Basis, Contributions, and Distributions (X1-PTB4-2026-01-WEBNR-231-01)

OVERVIEW

DESIGNED FOR

BENEFITS

HIGHLIGHTS

COURSE LEVEL

PREREQUISITES

ADVANCE PREPARATION

ADDITIONAL NOTES

SESSIONS

INSTRUCTOR

David R. Peters, CPE, CFP, CLU, CPCU, MST, M.B.A. (5.0)

PRICING

ADDITIONAL OPTIONS

Request a Reminder

ALSO AVAILABLE

COURSE DEVELOPER

AREAS OF INTEREST

ALSO QUALIFIES FOR

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David R. Peters, CPE, CFP, CLU, CPCU, MST, M.B.A.
(5.0)