To answer Rick19744...
1) Section L, tax basis checked
2) $45k all cash
3) I don't understand what is suspended passive losses. K-1 didn't show any $4000 at all.
4) Yes. Distribution of $76k is listed in box 19 with an A.
5) Yes. The 1065 line 16 shows depreciation of $7624
6) Accounting method Cash
At this point, I am not going to try to trace back 3 yrs ago. I blamed my own negligence for not realizing the error. I just want to complete it.
2016 section L, ending capital showed zero because of the $76k distribution. I assumed the remaining partner paid me therefore list it as distribution from the business.
