I apologize the ending capital account is 0. The sale resulted in a large profit. lets say the beginning capital account was $10,000, and the current year increase (reflecting sale) was $50,000 with withdrawals and distributions the total, or $60,000. The ending capital account 0. Are you saying my basis is only the 10,000 from the beginning capital account, and that I can't deduct the initial sum which I contributed toward the initial purchase?
broc2 a few seconds ago
