Reconciling Statutory vs. Taxable Income of Passthrough Entities

Learn how a corporate interest in a passthrough entity is differentially recognized and reported for statutory vs tax accounting. Income that you see in the Annual Statement may not be taxable income at all!

Upon completion, you will be able to:

• Identify passthrough entities in the statutory Annual Statement
• Determine source data for tax purposes
• Recognize how to use source data to calculate taxable investment income

Estimated CPE Credit: 1 hour in Taxes 

Prerequisites and Advance Preparation: None

Delivery and Level: Group internet-based basic webinar

Who Should Attend: Anyone interested in understanding and reconciling the difference between statutory reporting of passthrough entities vs taxable activity of those entities.

NASBA Publication/Revision Date: April 2021

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