I think that I might need the "For Dummies" version.
There does not seem to be a schedule provided for use with disposition.
"Tax basis" is indeed checked in Box L.
Beginning capital account 20, 042
Capital contributed during the year
Current year increase (decrease) -20,042
Withdrawal and distributions
Ending capital account 0
There is nothing in Box 19.
Would this make my Basis of partnership interest 20,042? That amount is substantially less than I had originally invested. I had hoped to be able to use the actual lost investment as the Cost basis, or at least have that calculated into the basis.
Assuming this much is correct, would the loss be "Ordinary loss" rather than "Long-term loss"?
