December 28, 2023


8 Total CPE Credits


Webinar (CA): Basis Calculations & Distributions for Pass-Thru Entity Owners Schedule K-1 Analysis 2023

  • Instructor

    J Garverick

Learning Objectives

• List the 3 main reasons for calculating a shareholder's basis in a S corporation and partner/member's basis in a partnership/LLC
• Calculate the stock and debt basis for S corporation shareholders
• Calculate the basis for partners and members of a LLC
• Calculate losses allowed from at-risk activities
• Review the Form 1120S and Form 1065 Schedule K-1s to determine how the line items affect basis calculations and get reported on the individual owner's Form 1040

Major Topics

• Detailed coverage of any new legislation affecting basis computations and distributions and changes to the schedule K-1s (including the NEW Form 7203 - S Corporation Shareholder Stock and Debt Basis Limitations)
• Line-by-line analysis of the Schedule K-1s to determine how the items affect a S shareholder's stock and debt basis and a partner/member's outside basis and where the items get reported on Federal individual income tax return
• The three loss and deduction limitations on the owner's individual income tax return (i.e. basis, at-risk and other Form 1040 limitations)
• How cash or non-cash distributions affect the basis calculations and whether or not they are taxable to the owners
• Compare the tax treatment of the sale of a shareholder's stock in a S corporation and a partner's interest in a partnership
• What constitutes debt basis for a S corporation shareholder under the final regulations
• The tax ramifications of repaying loans to S corporation shareholders and on open account debt
• How recourse and non-recourse debt effect a partner or member's basis calculations and amount at-risk

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Intermediate


Basic understanding of individual income 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 & other financial professionals) that need an in-depth training course on basis calculations and distributions rules for S-Corporations, partnerships, LLCs and their owners.


California CPA Education Foundation

Register For This Event

  • COCPA Member

    $ 299 299
  • COCPA Non-Member

    $ 399 399
    Your Price

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