Partner's Outside Basis Worksheet

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This tax worksheet calculates, for carryforward purposes, a partner’s “outside” basis in a partnership interest.

Outside basis refers to basis each partner contributes (cash and adjusted basis in property contributed) into their partnership interest.

Inside basis refers to the basis the partnership holds in assets, and how that basis is reflected in the capital accounts of the partners.

Footnotes

  1. Enter prior year ending basis or zero if it is the first year.
  2. If subtotal is negative, partner must report gain from distribution in excess of basis.

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