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, including what the business needs to track and what members need to track on their own.

Download the free business spreadsheet template (for basic accounting, quarterly taxes & end of year tax write-offs), yes for FREE (with a free e-course) here: https://www.amandarussell.mba/gettheb...

Check out the SMALL BUSINESS SCHOOL (which is now individual courses you get buy based on the challenge/topic that you need help with): https://www.bizschool.coach/courses


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