Partnership Basis Calculator

Build a partner-level outside-basis worksheet from contributions, allocations, distributions, and liability changes.

01 —INPUTS

Partner Outside Basis Worksheet

Beginning outside basis

Cash and adjusted basis contributed

Allocated taxable income and gain

Allocated tax-exempt income

Increase in your share of liabilities

Cash and basis of property distributed

Decrease in your share of liabilities

Nondeductible partnership expenses

Allocated loss or deduction

02 —RESULTS

Estimated ending outside basis: $39,000.

Ending outside basis

$39,000

Currently allowed loss

$10,000

Basis-suspended loss

Excess distribution gain

This is a general §705/§733 worksheet. At-risk, passive-loss, §754, hot-asset, built-in gain, and property-distribution rules can change the result.

What this tool covers

Calculation scope

Is outside basis shown on Schedule K-1?

Usually not. The partnership reports tax-capital information, but each partner is responsible for maintaining outside tax basis.

Can basis fall below zero?

No. A cash distribution exceeding outside basis generally triggers gain instead, and a loss exceeding basis is suspended.

Does basis make every loss deductible?

No. At-risk, passive activity, excess business loss, and other rules apply after the basis limitation.