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How to Calculate Outside Basis of a Partner [Video]

How to Calculate Outside Basis of a Partner

“Outside basis” refers to a partner’s tax basis in their partnership interest. Outside basis is calculated as follows:
The partner’s initial basis
Plus: additional contributions made by the partner to the partnership
Plus: increases in the partner’s share of the partnership’s liabilities
Plus: the partner’s share of partnership income
Plus: the partner’s share of tax-exempt income
Plus: the partner’s share of depletion deductions in excess of the depletable property’s basis
Minus: distributions of cash or property from the partnership to the partner
Minus: decreases in the partner’s share of the partnership’s liabilities
Minus: the partner’s share of partnership losses
Minus: the partner’s share of nondeductible expenses that aren’t capital expenditures
Minus: the partner’s depletion deduction for any partnership oil and gas property, to the extent the deduction doesn’t exceed the proportionate share of the property’s basis

Note that a partner’s outside basis can never go below zero.
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