@Rick19744 thanks for your reply.
I thought the 2016 info was cut off as well, but if you hit the right arrow button, it should scroll to the right to show the full column. It did for me.
I have indicated on the TT schedule k1 form 1065, checking boxes Final K1, Partnership was discontinued in 2023. On the TT form "K1P Addl Info 2", I have box 1 and a.3 checked (liquidated partnership interest). I assume those are correct trying to understand the TT help about those boxes.
The multiple property sales were completed in 2022. Last tax year was liquidating any remaining funds (hence the $2362 distribution, box 19).
I'm not clear why you are saying the adj basis is 0. And not the calc I get
I read that the section L Partner's Capital Account does not reflect the adjusted basis.
(Trying) to go by the IRS i1065sk1 worksheet to calc the adjusted basis, the bottom line shows the basis I have calculated since 2016 using the K1 statements I received. Since each k1 uses similar (or the same boxes), I have been starting with the prior year basis, then adjusting as
INCREASE
- box K1 - liabilities (end_year - begin_year), if positive
- box L - capital contributed during the year
- box 1 - business inc/loss
- box 2 - rental inc/loss (if positive), if negative, decrease basis ; typically this value is negative
- box 5 - interest
- box 10 - sect1231 gain/loss
DECREASE
- box K1 - liabilities (end_year - begin_year), if negative
- box 19 - distributions
I have left out any box 20 (AG,V,AJ,etc) amounts from the basis calc.
