Partnership and S Corporation Basis and Distribution Issues

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Spreadsheet - Used for examples. Download it as an Excel file. The file will change during the live session.

2022 Form 7203

Form 7203 Article

LB&I Process Unit - Knowledge Base – S Corporations

Form 1065 Instructions (2022) - see tax basis capital instructions for completing partners’ capital.

Example Atomic Bomb Allocation - Example requested of a simple recourse debt allocation.