- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
So to clarify, there isn't any capital gains as all items were sold at or below FMV (fair market value). So the little bit of money received from selling the furniture/used auto, is not reported as a distribution on the K1 then. Is this correct???
‎April 14, 2020
10:24 AM