@nexchap , thanks for the great explanation. Just to confirm ny understanding, I should add line items 5&6 from each year that i received a K1 to my tax basis and reduce my basis by any reductions. The cash distributions or ROC (line item 19A) I received each year will not be taxed now but does reduce my rax basis. The amount listed on line 19A usually matches the total of 5&6, so it's really a wash.
Also, the proceeds from the redemption (non-voluntary) of some of my shares this share was also included in the line 19A amount, I pay capital gain on the redemption, correct?
Thanks.
