The Partnership Tax Templates

Computer screen displaying a financial document titled 'Recourse Liability Allocation Engine' with asset and liability details, on a white desk with a keyboard, mouse, a plant, a cup, and a framed photo.

The 752 Liability Analyst

The "Constructive Liquidation" Engine.

Price: $97.00

Stop guessing on Recourse Debt. If you are allocating recourse liabilities based on simple ownership percentages, you are exposed. The IRS requires a "Constructive Liquidation" analysis (Reg. § 1.752-2) to determine who truly bears the Economic Risk of Loss.

This template runs the full simulation for you. It assumes the worst-case scenario (assets = $0) and calculates exactly which partner bears the legal burden, taking into account Deficit Restoration Obligations (DROs) and Limited Liability checks.

What It Does:

  • Recourse Waterfall: Calculates Economic Risk of Loss per Reg. § 1.752-2.

  • Nonrecourse Waterfall: Handles the 3-Tier allocation method per Reg. § 1.752-3.

  • Legal Cap Check: Ensures Limited Partners aren't allocated debt beyond their legal obligation.

  • Deliverable: Generates a clean summary schedule for your workpapers.

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Basic Partnership Liability Allocator

Simple Allocations for Simple Partnerships.

Price: $37.00

Not every partnership needs a full § 752 simulation. For simple General Partnerships or LLCs where partners share economic risk purely by ownership percentage, the "752 Liability Analyst" is overkill. This tool gets the job done fast.

What It Does:

  • Profit-Based Split: Instantly allocates Recourse, Nonrecourse, and Qualified Nonrecourse debt based on profit ratios.

  • Liability Classification: Simple inputs for differentiating mortgage debt (QNR) vs. general creditor debt.

  • Note: If you have complex guarantees or Deficit Restoration Obligations, please upgrade to the 752 Liability Analyst.

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The Section 743(b) Calculator

Handle the "Step-Up" in Minutes.

Price: $47.00

The most tedious calculation in partnership tax, solved. When a partner sells their interest, calculating the Section 743(b) adjustment is only half the battle. You also have to allocate that adjustment among the partnership’s assets according to the strict class system of Reg. § 1.755-1.

This tool automates the allocation between Capital Gain Assets (Class 1-4) and Ordinary Income Assets (Class 5-7), ensuring you never miss a "hot asset" adjustment.

What It Does:

  • Class Allocation: Splits the adjustment into the 7 Asset Classes automatically.

  • Goodwill Solver: Calculates residual value applicable to Class 7 Goodwill.

  • Footnote Generator: Automatically writes the text disclosure for your tax software.

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Basic Capital Account Rollforward

Standardize Your 1065 Workpapers.

Price: $27.00

The foundation of every partnership return. Stop building ad-hoc rollforwards for every client. This template provides a standardized, professional structure to reconcile Tax Capital, Book (GAAP) Capital, and 704(b) Capital side-by-side.

What It Does:

  • Triple Reconciliation: Tracks Tax, Book, and 704(b) balances simultaneously.

  • M-1/M-2 Integration: Clearly identifiable inputs for book-tax differences.

  • Review Ready: A clean "Deliverable" tab perfect for printing to PDF.

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The Targeted Allocation Engine

Automate "Hypothetical Liquidation" Logic.

Price: $97.00

Partnership agreements are complex. Your spreadsheet shouldn't be. Standard "rollforward" spreadsheets fail when dealing with Hurdle Rates, Preferred Returns, and Promotes. You cannot just "plug" the income numbers; you must calculate the Target Capital Account first.

This engine uses the "Targeted Capital" approach (Hypothetical Liquidation at Book Value). You input the deal terms (e.g., "8% Pref, then 80/20 Split"), and the model works backward to calculate the exact 704(b) and Tax Allocations required to satisfy the economic deal.

What It Does:

  • Tiered Waterfalls: Handle Return of Capital, Preferred Returns, and Residual Splits.

  • Validation: Automatically checks if Allocations tie to Book Income.

  • Safety: Removes the "Tax Basis Waterfall" risk by anchoring Tax Allocations to Economic Book Value.

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Overlapping financial documents and spreadsheets with text and tables, including sections titled 'Partnership Tax Allocations' and 'The Allocator - Income Allocation'.

The "Sub-K Suite" (Bundle)

The Complete Partnership Toolkit

Price: $250.00

Equip your firm with the same tools used by top-tier specialists. Get the entire arsenal of standardized workpapers. From simple rollforwards to complex 752 debt studies and Targeted Capital waterfalls. This bundle ensures that no matter what client walks through the door, you have a model ready to handle it.

Includes:

  • The 752 Liability Analyst

  • The Targeted Allocation Engine

  • The Section 743(b) Calculator

  • Basic Capital Account Rollforward

  • Basic Liability Allocator

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