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After you file
partnership distributions are tax-free as long as you have a tax basis. they reduce it. but once tax basis is reduced to zero any additional are taxed generally as long-term capital gains
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so if you had zero tax basis at the start of the year; contributed nothing; had net income of say $100; and received cash of $80; you would have a tax basis at the end of the year of $20. so if no income/loss in 2022 and you receive $20 it's tax-free
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was the k-1 marked final in 2021 then you won't get one for 2022
‎April 3, 2023
9:07 AM