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New Member
posted Jun 4, 2019 8:27:23 PM

Regarding K- 1 partnership: Where would I find my percentage of ownership, or how would I calculate it?

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1 Best answer
New Member
Jun 4, 2019 8:27:25 PM

Your ownership percentage should be on the Schedule K-1, box J (Capital), unless the partnership agreement stipulated something different. If you are unsure, you should contact the tax matters partner.

5 Replies
New Member
Jun 4, 2019 8:27:25 PM

Your ownership percentage should be on the Schedule K-1, box J (Capital), unless the partnership agreement stipulated something different. If you are unsure, you should contact the tax matters partner.

Level 1
May 20, 2022 9:15:12 AM

My K1, which is for a Real Estate Partnership my father left me 40 years ago, states my Capital is 4.25%, but my P/L is 1.6198%. The GP now wants to buy me out and states my ownership is 1.6198%. Not my Capital of 4.25% as stated on my K1 this year.

Can you let me know how this might be right?

Thanks,

DogWick

Level 15
May 20, 2022 9:44:38 AM

@DogWick 

 

Your question cannot really be answered in this public forum accurately ... please seek local professional assistance for this issue.  

Level 1
May 20, 2022 9:47:54 AM

thanks... I was just looking to hear if it were possible to have a 4.25% on the Capital line and a lower number representing my actual % ownership.

Nothing specific...

Thanks again./

 

Level 15
May 20, 2022 11:40:20 PM

that 4.25% could have been what your father owned initially and has never been updated for changes that occurred to the partnership over the past 40 years. in other words, the difference is possible.