@poncho_mike The $174 Cum Adj on the K-1 is the partnership telling you that, at some point in its history, it reported a taxable event of $174 which required you to pay tax even though you didn't receive the funds. That's what causes an increase in basis.
If you're own records indicate that that didn't happen -- that increasing your basis would cause you to underpay your taxes -- ignore it. You won't get into trouble for skipping a deduction.
If the ambiguity just doesn't sit right, all you can do is re-examine every item reported on the K-1s over the years, as well as any decisions made on handling cash received and basis, looking for the $174 inconsistency.
Sorry I can't be more help.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
