I'm trying to figure out my outside cost basis and capital gain for a Limited Partner in a Real Estate Partnership.
Last year outside cost basis is $140,922
This Includes $169,685 Liabilities.
This year which is Final K1 has
Current year Increase/Decrease -$13,447
Other Increase/Decrease $42,211
Withdrawals & distributions -$1
What is my Cost basis?
What is my Sale Price?
What is my Capital Gain?
Thanks
