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Business & farm
Yes on suspended loss for the GP. I have 19A=701 and 19C=-396 ("Capital Account Transferred to NS").
I had a positive beginning capital account for the GP . The ending capital account was zero. So I think they carried the net capital account number over to the NS. The GP and the NS K-1s both have "AZ Exchange" on the respective ownership schedules. Negative units for the GP, and positive units for NS.
Thanks.
I had a positive beginning capital account for the GP . The ending capital account was zero. So I think they carried the net capital account number over to the NS. The GP and the NS K-1s both have "AZ Exchange" on the respective ownership schedules. Negative units for the GP, and positive units for NS.
Thanks.
‎June 4, 2019
6:24 PM