In 2023 I sold all my shares in a Publicly Traded Partnership.
The 2023 K-1 lists $600 in four places:
Part II Line L = current year income
Part III Lines 4 b+c = Guaranteed Payments for Capital
and 19 code = A = Distributions
Does the $600 have any effect on the basis ?
Many thanks for your help on this,
Tom in North Carolina
