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Need help with Final K-1
I had invested in a Real Estate Crowd Funding platform back in 2018 and have been filing K-1's all along, this year I have received the Final-K-1 and need help with determining the answers to following questions:
1. What type of disposition is this? (Sold or liquidated)?
2. Sale Price
3. Partnership Basis
4. Ordinary Gain
5. 1250 Gain: 6432
6. Do I enter the same amounts for 2,3,4,5 for Regular and AMT Gain/Loss?
Part II L | ||||
Partner's capital account analysis | 2018 | 2019 | 2020 | 2021 |
Beginning capital account | 27963 | 26348 | 24529 | |
Capital Contributed During the Year | 25000 | 318 | ||
Current year net income (loss) | 12489 | |||
Current year increase (decrease) | 3240 | -687 | 37 | |
Other increase (decrease) | -20 | |||
WI drawls and distributions | -277 | -1136 | -1946 | -37018 |
Ending capital account | 27963 | 26348 | 24529 | 0 |
Basis | 704(b) | |||
Part III | ||||
1 | 1107 | |||
2 | -5199 | -469 | 611 | 370 |
9a | 11012 | |||
9c | 6432 | |||
13 | L,244 | W,218 | W,574 | |
17 | A,-6 | |||
18 | C,STMT | C,2 | ||
19 | A,277 | A,1136 | A,1946 | A,37018 |
20 | Z,STMT | Z,STMT | Z,STMT |
I have looked up the QA in the forum and internet and do not see exact info I need, any help is appreciated as I'm fast approaching the deadline.
Topics:
‎October 10, 2022
1:35 PM