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This is generally a question everyone has when an event such as this occurs.
However, TT is handling this correctly based on the K-1 instructions. I know it seems like an odd result, but it is what is requested by the IRS.
Generally, the amounts reported in item J are based on the partnership agreement. If your interest commenced after the beginning of the partnership's tax year, the partnership will have entered, in the Beginning column, the percentages that existed for you immediately after admission. If your interest terminated before the end of the partnership's tax year, the partnership will have entered, in the Ending column, the percentages that existed immediately before termination.
This is generally a question everyone has when an event such as this occurs.
However, TT is handling this correctly based on the K-1 instructions. I know it seems like an odd result, but it is what is requested by the IRS.
Generally, the amounts reported in item J are based on the partnership agreement. If your interest commenced after the beginning of the partnership's tax year, the partnership will have entered, in the Beginning column, the percentages that existed for you immediately after admission. If your interest terminated before the end of the partnership's tax year, the partnership will have entered, in the Ending column, the percentages that existed immediately before termination.
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