Final K1 Statement Real Estate LLC Determining Adjusted Basis

Hi,

I invested in an real estate investment LLC. I have been trying to track my adjusted basis using the K1 statements I have received. I haven't included any of the K1 box 20, Other Information in any of the adjusted basis calculations. I've been trying to follow the IRS i1065sk1 worksheet.

 

The properties were sold in 2022 and distributions were made that year. I entered the K1 info as prior years. The LLC was dissolved last year (2023) and I received the final K1. I was wondering if I tracked the adjusted basis properly.

I checked the Final K-1 box, Partnership was discontinued during 2023 boxes.
I'm not sure if I need to also check the Partner sold or otherwise disposed of the entire interest in the partnership in 2023? Or if it matters.

 

On the"K1P Addl Info 2" Form, the checked boxes are 

Box 1 (disposed partnership interest in 2023)

Box 3 liquidated partnership interest

 

I'm trying to figure out how I need to fill out the required sales info. Using the K1 info:

Box 5 Sales Price: 2362 (not sure on this amount since it's in the basis for 2023 as well)

Box 7 Basis of partnership interest: 39,028

Box 8 Total gain(loss): -36,666

Box 9 Ordinary gain(loss): 0

Box 11 Long-term gain(loss): -36,666

 

Any help and guidance is greatly appreciated.

Thanks

 

year20232022202120202019201820172016
k-1 form 1065        
Part II        
K        
begin2188526185094857488544087291  
end 218852618509485748854408729139026
total-218-85043167-654308-18518729139026
L        
begin24042649131460348404302047738250750
capital contrib      2500025000
current year inc/dec-42101484-479-1432-862-1718-24475
withdrawal/distrib-2362-125571-4490-1948-2562-3000-2093 
end02404264913146039596430204773825075
         
Part III        
box 1 - business inc/loss 1238      
box 2 - rental inc/loss-42-5983-479-1433-1489-4509-155848
box 5 - interest inc 111211 
box 9c - unrecap 1250 gain        
box 10 - sect 1231 gain/loss 106228      
box 19 - distributions236212557144901948256230002093 
         
basis calc390284165015078015558115961516335617271564074