ThomasM125
Expert Alumni

Business & farm

I might suggest you calculate the basis on your own, especially if you haven't owned the investment for many years. Your basis is basically your initial investment, plus income you have recognized, plus additional money you contributed, less losses you deducted and non-taxable distributions you have received.

 

Here is an article on how to calculate basis in a partnership:

 

https://taxmap.irs.gov/taxmap2016/pubs/p541-006.htm

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"