October 26, 2023


8 Total CPE Credits


Webinar (CA): Partnership Taxation: Comprehensive—Form 1065 2023

  • Instructor

    Troy Lewis

Learning Objectives

• Recognize the issues surrounding t he formation and operations of a federally taxed partnership.
• Understand how to allocate income and loss under various methods including targeted allocations, the proper use of the three §704(c) allocation methods, and how to maintain the §704(b) book capital accounts.
• Calculate partnership tax r reporting items including recourse and non-recourse debt on the Schedule K-1, allocating minimum gain allocation amounts, and gain potential attributable to operating and liquidating distributions.
• Determine how to properly calculate the income tax on the sale of a partnership interest as well as the tax impact of the distribution of cash and non-cash assets for both proportionate and disproportionate distributions.

Major Topics

• Special and Targeted allocations
• Proper calculation of outside and inside tax basis
• Tax consequences of distributions including the impact of "hot assets"
• Transfer of partnership interests
• Issuance of partnership interests to service partners

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Intermediate


Some knowledge in partnership taxation.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Tax professionals, CPAs, accountants, and other financial professionals looking to expand and update their understanding and knowledge.


California CPA Education Foundation

Register For This Event

  • COCPA Member

    $ 299 299
  • COCPA Non-Member

    $ 399 399
    Your Price

Please login to register.