Keep the partnership agreement, capital accounts, tax basis and liability records aligned. The same payment can affect cash, economic capital and tax basis differently, so every allocation and distribution needs a documented explanation.
This index provides an ordered reading path for additional education alongside the book. The pages are original companion material, not reproduced book chapters. Start with the decision closest to your facts, then review the adjacent reporting and cash consequences before implementing a strategy.
Six focused guides with worked examples
- Partnership Outside Basis and Capital Accounts: A Simple Example
A partner's tax basis is not interchangeable with the capital account on a K-1. Follow a contribution and debt example to see why the distinction matters.
- Partnership Cash Distributions: Check Basis Before Paying Partners
Cash distributions change the partner's basis and can create gain. Use a simplified example to connect payment approvals with current basis records.
- Guaranteed Payments and Partnership Distributions: Different Tax Jobs
A partner's recurring payment may be a guaranteed payment, a distribution or another transaction. Learn why the agreement and payment purpose matter.
- Partnership Liabilities: Basis and At-Risk Are Separate Tests
A liability can affect outside basis without producing the same amount at risk. This guide explains the distinction before a partnership loss is claimed.
- Buying a Partnership Interest: Buyer Basis and Section 754 Questions
A partnership interest purchase changes the buyer's tax investment, but partnership asset basis may need a separate adjustment analysis. Build the acquisition file early.
- Partnership Losses and Section 461(l): A 2026 Partner Example
A partnership K-1 loss passes through several partner-level tests. See how the excess business loss limit applies after earlier restrictions and other business income.
How to use the examples
Each illustration isolates one planning question so the arithmetic or record requirement is visible. It does not provide a complete return calculation. Bring your actual ownership, payment, asset and prior-return records to a review, then replace the assumed inputs. Record which facts would change the conclusion, who is responsible for implementation and what must be completed before the filing or payment deadline.
AE Tax Advisors case studies and engagement resources
Compare the related published case-study collection, the reporting methodology and how AE approaches an engagement. These case reports are publisher-reported examples and do not establish typical results. A strategy that appears in a case may require materially different treatment for another taxpayer.
More AE book learning indexes
Use the IRS references attached to each guide for the rule framework. General federal education is not a substitute for current-year instructions, state analysis or professional review of your complete facts.
Discuss your planning facts with AE Tax Advisors
Bring the records identified in this guide to a discovery conversation with AE Tax Advisors. Start with the decision you need to make, the year affected and the assumptions that need verification.