Partnership basis worksheet excel 2025

1. Click ‘Get Form’ to open the partnership basis worksheet in the editor.
2. Begin by entering the Partnership Name, EIN, Partner’s Name, Tax Year, and SSN in the designated fields at the top of the form.
3. In Section 1, input the Partner’s Outside Basis at Beginning of Year. This is crucial for calculating subsequent increases and decreases.
4. For Section 2, record any contributions made by the partner. Fill in cash contributions under 2a, property values under 2b, and fair market value of services under 2c.
5. Continue to Section 3 to note any increases due to assumption of partnership liabilities. Then proceed to Section 4 where you will detail various income types such as interest and dividend income.
6. After completing Sections 1 through 4, calculate total increases in Section 5 by adding all relevant lines together.
7. Move on to Section 6 for non-taxable distributions. Document any cash or property distributions and calculate total non-taxable distributions.
8. Finally, complete Sections 7 through 14 by following instructions for losses and other decreases to arrive at the Partner’s Ending Outside Basis.

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