@sntrypilot Part 3 line 20 A indicates investment income of $34 that should appear on any of the lines 5 through 11 in Part 2. it's needed in order to balance the schedule L income reported with the detail in part 3.
Part 3 line 20 code N is for information purposes in your situation
Ppart 3 line 20 code V only applies to tax exempt entities
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you are misreporting the sale info
for your starting basis I'll use schedule L which is 34243
to that you need to add current year income of 18008
giving you a total basis of 52351 for which you received a distribution of 52351 so no gain or loss on disposition
you are misreporting the 199A income. The $34 and the 1231 gain of $24671 are excluded from 199A by law. 199A excludes portfolio/investment income ($34) and capital gains. section 1231 (24671) is capital gains.
however, there should be a statement 20Z included in you K-1 which identifies the amount of 199A income.
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something seems missing. you say you started in 2020 with a $35K investment yet in 2022 the beginning capital account is $34243.how the reduction could be so small raises a question as to what transpired in 2020 and 2021.
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if you had prior suspended losses (see form 8582 from 2022 part VII) of 26598 they would be allowed due to disposition along with the current year loss of 6787 thus totaling what you see on page 2 on schedule E.
however, without either other income or additional capital contributions your capital account in schedule L at the end of 2021 beginning of 2022 would likely have been 35000-26598 or about 8400 so something is missing and its effect on your taxes is unknown.
