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LLC Partnership Tax Basis & Basics: Form 1065, Sch K-1, Capital Account, Inside Basis, Outside Basis
This video covers the basics of LLC/Partnership Taxes for form 1065 and the Schedule K-1. I start out explaining the tax forms and how to do partnership accounting records (and show my spreadsheet template). I connect the dots to show simplify understanding the Capital Account (on schedule K-1), Tax Basis, and Outside Basis & Inside Basis ...
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