Business & farm

James,

Thank you for the great explanation! I just want to clarify. See item in bold below.

Main K-1   

Part I  - filled out as shown on form

Part II - filled out as shown on form

Part III - filled out as shown on SUPPLEMENTAL STATEMENT.

Sub Activity K-1

Part I  - filled out as shown on form

Part II - filled out as shown on form EXCEPT DO NOT FILL OUT ITEMS J, K AND L pertaining to profit, loss and capital?

Part III - filled out as shown on SUPPLEMENTAL STATEMENT.

Thanks for your help!