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@Justin202203 wrote:

Hi Macuser,

Thank you for your reply.

Beside the original $50,000 capital I paid to partnership, I also paid legal fee, lawyer fee, management fee and syndication fee etc when invested cash to get partnership interest, can I add on all these fees when calculate the original basis of partner's interest ?

Thank you very much.


Add to what.   We were discussing reporting a return of your investment (i.e. a refund of your own pre-taxed money) that should not be reportable as income.  That has nothing to do with any additional expenses you might have had.  You do not need to report a refund of your own money.  Personal losses are no longer deductible from 2018-2025.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**