I'll short cut it by assuming there was sufficient debt at beginning of year to cover capital account deficit and at the end of the year it was 0 Part II item K
so basis is
-20431 per the tax rules schedule L beginning capital is supposed to be your tax basis before taking qualify debt into account. prior year income/loses and distributions change your tax basis from what you originally paid so $40K is no longer valid
+62431 net income
= basis before distribution or $42000
for which you got $42000 so there is no gain or loss
in the sales section you can enter sales price as $42000 the distribution you got and your tax basis before the distribution of $42000 so no gain or loss
you must enter final k-1/total disposition and sales info above to free up those suspended losses.
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net income reported on 1040
+7642 current year
-48714 prior year suspended losses freed up due to disposition
= net ordinary loss of -41072 non passive should be on schedule E page 2
1231 capital gain 54789 should be on schedule D line 11
net 13717
you 15537
less2000 capital gain that does not exist
remainder 13537
transposition error 7642-7462+180
13537+180=13717
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you are contradicting yourself
received 42k in 2022
I did not received any distributions for the property -
