A couple of comments:
- You do need to indicate within TT that this is a complete disposition. Unless you do this, TT will not "free up" any suspended losses; if applicable. You may not have any suspended losses with the large gain in 2022.
- The K-1's have been required to track basis on "tax capital" which should be close to your "tax basis". This is section L on the K-1.
- In looking at the detail, while the 2016 information is cut off, things appear to be tracking correctly on the K-1.
- Based on what I see, your tax basis is $2,362.
- Your "selling price" of $2,362 (the distribution) less your tax basis provides a zero gain or loss.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
