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I would just add that, although yes the final K-1 will show gain/losses from disposal of the investment, you still need to figure your actual gain/loss yourself by subtracting the adjusted basis (that you've been tracking year by year) from the sale proceeds.

 

The partnership people who issue the K-1 won't know what your adjusted basis is (necessarily), which is what determines your tax liability from the sale.

 

Karin