I invested $50,000 in 2021 as a limited partner. In 2024, the partnership was dissolved and I sold my interest for $1. How do I report the regular and AMT loss?

[johnsmccary]

Is it $1 sale price, 0 partnership basis, and -$49,999 ordinary gain (loss)?

[Mike9241]

please clarify what has happened over the years with the k-1s.  you should have received one each year starting with 2021. the k-1s should have reported income or loss each year so your basis for loss probably is not $50,000.

we do not have access to the k-1s.