Hi.
To answer your remaining questions:
1. Distributed Shares - Meaning this is an investment into a partnership that runs venture capital investments. We got back 2,778 back of over 10,000 shares initially purchased. The shares sent back to us were from the same fund we invested in, just at a higher FMV (what the K-1, line 19C shows is the cost at which we purchased the shares, not FMV).
2. Yes, there is a good outside tax basis maintained. We have meticulous records maintaining all investments.
Agreed, nothing can be simple, unfortunately.
