Drewrru
Returning Member

Get your taxes done using TurboTax

I am confused. I was a limited partner of a real estate crowdfunding investment. My investment was $25,000. I view that as the cost basis. The property was sold recently and I made a nice profit. I am trying to determine if the net gain on the sale of the property, as reflected on the Schedule K-1, includes the initial investment.If not, where on the K-1 is the initial investment reflected?

 

Michael Weinstein

Pittsburgh, PA