@Mike9241 Thanks a lot, Mike. Your help has been valuable. I have one more question. One of the partnerships in this trust was transferred in-kind to an individual beneficiary last year. The resulting final k-1 for the trust records it as a complete disposition, with the attendant basis adjustments and 751 income amounts, and then a new basis in the hands of the beneficiary (per their own k-1). However, the broker has it still showing up in the recipient's account with the original cost basis fully intact, since an in-kind transfer was what was actually requested to be done. Which way is correct?
Thanks again.
