FTD0420
Returning Member

Business & farm

  1. I do not participate; all activity is passive.
  2. According to my 2018 return, I have a passive carry over of $-240,447.
  3. Yes, I did enter the entire amount from Box 2.
  4. The K-1 from 2018 has Tax Basis checked, the 2019 final K-1 has no designation.
  5. My final liquidating amount was $229,052.  I do not know why the final K-1 distribution shows $232,750.
  6. I did not contribute any actual capital in 2019.

Thanks, in advance , for your help.