About this Course
Topics covered include: Completing schedule K-1;
Partnership agreements and distributive share;
Administrative aspects of Schedule K-1;
Treatment of partners;
Basis;
Partnership Audits.
Upon completing this course, you should be able to:
Transfer apportioned items from Schedule K to Schedule K-1;
Utilize basis limitations and the impact of liabilities on basis;
Identify the Tax Matters Partner;
Apply the rules for audits of partnership return.