IRS forms workshop

TCP Chapter 19 · Area IV · Blueprint I–IV

The TCP exam often hands you a form, a schedule or a software printout and asks you to complete it, check it or find the mistake. This workshop walks through the forms behind the Blueprint's review and calculation tasks: the at-risk and passive loss forms, Form 709, the consolidated Form 1120 with Form 851, Form 7203, the partner's basis worksheet with Schedule K-1, Form 8824, Form 6252 and Form 4797. Each lesson shows a condensed sample in our own layout, the lines that matter and the errors reviewers catch. Tessa and Leo revisit clients from earlier chapters. Figures are for 2026.

In this chapter

Allocating a pass-through loss: basis, at-risk and passive (Forms 6198 and 8582)
Form 709: the gift tax return
The consolidated Form 1120 and Form 851
Form 7203: S corporation shareholder basis
The partner's basis worksheet and Schedule K-1
Form 8824: like-kind exchanges and the related-party section
Form 6252: installment sales
Form 4797: reviewing dispositions and diagnostics

This chapter has 8 lessons, 50 practice MCQs with explanations and 20 simulations, plus flashcards and a recall sheet.

What this chapter covers

Forms 1040 and schedules, 709, 1120 with M-1, M-3 and 851, 1120-S, 1065, 4562, 4797, 6252 and 8824