Скачать или смотреть Partnership Basis Explained: Outside vs Inside Basis, How to Never Lose Loss Deductions

🚨 2025 Updated! Struggling with partnership basis? This complete guide explains EVERYTHING you need to know about partner's outside basis, inside basis, tax-basis capital accounts (K-1 Item L), liabilities, distributions, and how to avoid suspended losses!

In this step-by-step tutorial, we cover:
• Initial basis calculation (contributions, purchases, inheritance)
• Annual adjustments – all increases & decreases with detailed examples
• How partnership liabilities REALLY affect your basis (recourse vs nonrecourse)
• Basis rules for distributed property (non-liquidating + complete liquidation)
• Special adjustments (Sec. 732(d))
• Why Schedule K-1 Item L is NOT your full outside basis
• Real-world examples to track your basis & protect deductions

Perfect for: Multi-member LLC owners, partners in general/limited partnerships, CPAs, tax pros, small business owners preparing Form 1065 & K-1s.

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Resources mentioned:
• IRS Pub 541 – Partnerships
• Partner's Basis Worksheet (Schedule K-1 Instructions)
• 2025 Form 1065 updates

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Disclaimer: This is for educational purposes only. Not tax advice – consult a professional for your situation.