awaynenichols
Returning Member

Business & farm

Hi Rick,

 

Thanks for the help.  I think I understand the basis calculation that gets reported on the K-1s, effectively becoming the remaining partner capital accounts minus the final cash distribution at liquidation.

 

Just wanted to make sure I was informing turbotax of the dissolution via in kind distribution in the right way, since you would think this situation would be common enough that the software would accommodate it a little better.  Partnership returns are rough!