HACKITOFF -Thank you so much. There is a lot to digest.
The Tax Basis box is checked in Part II L.
Quick question: You said the following
"you can do your own basis calc
take beginning capital
add any capital contributions
for current year increase/decrease - that's all items affecting taxable income and credits reported in Part III these increase or decrease your tax basis."
So I take the beginning balance of the capital account in 2018 or are you talking about doing it from inception? Also the current year increase/decrease items (other than the ones you stated should not be included) should just be the ones reported in Part III??? Because the $19,829 addition to the capital account reported on the Analysis of Partner's K-1, Current Year Increase (Decrease) Worksheet appears nowhere on the Schedule K-1.
I REALLY appreciate your help.
