So while I am still somewhat murky here, I believe the following should be taking place:
- It appears to me there was some sort of division (divesture), which is why you "received" back the 2,778 units / shares.
- Not sure you technically received any shares back, but they are providing you with information as to how to split your basis; see bullet 4
- I don't think setting up a receivable makes sense if you are never going to receive the $18,000 in cash
- Do you know if this is a Series LLC that you invested in?
- At this point, with the limited facts that I know, I would set up a new investment for this noncash transaction
- I believe your beginning balance should be the ratio of your current tax basis in the investment to the 2,778 / 10,000 original units.
- Then as those are sold, you now have a cost basis to determine your eventual gain or loss of these GS securities
That's the best guidance I can provide based on this forum string.
*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.
