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PTP K1 interest and dividend vs distributions
Are the interest and dividend listed on the line 5 and 6 of the K1 not the same thing as the cash distribution I received from the PTP throughout the year? The interest and dividend is taxable and increases my tax basis? The cash distribution I received is report under line 19A which I'm not taxed on but is used to reduce my tax basis? Thanks!
‎April 9, 2021
6:22 AM