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.
