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Get your taxes done using TurboTax
Since the partnership was organized in 2015, the beginning balance for 2015 is zero. To arrive to ending balance for each partner for 2015: add to zero any cash/property contributions by each partner. Subtract distributions (if any). Add/subtract and income/losses applicable for that year attributed to each partner. And this will give you 2015 ending capital balance.
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‎June 3, 2019
11:38 AM