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Business & farm
You use what ever the $$ amount is that you received when you sold the partnership interest; if line 19A is what you received, then that is your selling price. However, I imagine it is some other amount based on the limited facts. You should know exactly what this amount is as you received the funds.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎April 25, 2021
7:50 AM