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No, a K-1 distribution is not a disposal of a portion of your interest in the partnership. Generally, it is distribution of profits already taxed through your Schedule K-1. Your share of ownership should remain the same.
No, a K-1 distribution is not a disposal of a portion of your interest in the partnership. Generally, it is distribution of profits already taxed through your Schedule K-1. Your share of ownership should remain the same.
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