Anonymous
Not applicable

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was the partnership terminated/liquidated?  if so what did you receive upon termination?.  if you have always been a partner that always had the same ownership %'s for profit, loss, and capital and there were no special allocations, most of the time what you receive upon termination is the same as your basis just before termination so there is no gain or loss.    otherwise, you need the value of the liquidating payment and compare that to your basis to know if you have a reportable gain or loss.    

but I am also asked about the sale price and cost basis on an earlier page for the K-1.  this would seem to indicate that you marked final K-1 and the partnership terminated. as an oversimplified example say your basis at the beginning of 2019 was $24,000. the k-1 reported net income (all items of gain and loss) of $13,000. your basis would now be $37,000. so if the total distributions were cash and totaled $$37,000 you would have no gain or loss.