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Returning Member
posted Jun 6, 2019 12:04:39 AM

How do i report the taxable partner cash distribution amount in 1065 k-1 box 19 code a

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1 Replies
Level 13
Jun 6, 2019 12:04:41 AM

You do not need to input this figure in your 1040.

This figure is important and is used in maintaining your basis in the investment.  This distribution reduces your basis in the investment.

As long as your distributions do not exceed your basis, there is no tax implication.