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Level 1
posted Apr 12, 2022 7:02:21 PM

Partnership ended, generating a loss in box 9a of the K-1. Should I report this loss again in the questionnaire for the disposal details (also part of the K-1 interview)?

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1 Replies
Expert Alumni
Apr 14, 2022 6:48:46 AM

No, the loss reported on Schedule K-1 is not your loss on the dissolution of the partnership. This is flow-through loss to the partners from partnership activity. 

 

If the partnership dissolved, you probably have zero sales proceeds to report for the disposal. This may result in either a gain or loss on your investment, depending on your ending adjusted basis.

 

Additional info: