Still working here.
I'm on form 1041 filing a k1.
I have a "total cash distribution paid in 2020 - final distribution.
Is this "ordinary business income"?
And the tax letter states that the unused NOL carryover is allocated among claimants. This is from a DCR disputed Claim Reserve. It's a final disbursement. I think I use it on Line 11 D – Final year Deductions - Net operation loss carryover - regular tax .
Thanks
