Is the k-1 marked final? YES Given the distribution coming out late in 2022 I just want to make sure you can free up your suspended losses. I typically don’t see accrued distributions on a K-1.
look at your k-1 and what does it show as ending capital? $0 Additionally what is that figure excluding any distribution? $4K
Your K-1 should be on a tax capital basis, which is not the same as your tax basis, but at least it may be close. Since the partnership has been around for awhile not sure how they have reported your capital account in the past? Look at an older K-1 to see what box used to be marked. Not sure, the K-1 refers only to "beginning capital account" and "ending capital account", and I don't see any reference to whether it's by tax capital basis or tax basis as you referred.
