hardikgandhi
Returning Member

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Thanks for your response. Let me see if I can clarify.

 

The K-1 in part I about the partnership's name and address calls out Property A. However, only section 199a refers to properties B, C & D below Property A(as I posted in my question).  There is no mention of Properties B, C & D outside section 199a of the K-1.

 

Properties B, C & D were purchased using the sale of Property A. Section 199A, shows Rental income, W-2 wages, and the UBIA of qualified first for Property A and then followed by Property B, C & D.  I reached out to the company through which I have invested, and their only suggestion was to add all the values up. But they said they couldn't give tax advice beyond that.

 

A1,A2, A3, B1, B2 ,B3 , C1,C2, C3 and D1,D2, D3 are actual values but I am calling it out as A1, A2... In this post do not show the actual property names ( since this is a public forum)