Hey community,
I have a K-1 from a Partnership that is reporting a capital gain (collectibles) from a sale. I've input everything and I'm not seeing the income flow onto my 1040 or onto Sch D. I have boxes 11 (A), 13 (W), 16 (there is a K-3), 19 (A) and 20 (A) checked. It SHOULD be super simple in that I invested X, it grew to Y, there are Z expenses and the net capital gain =Y-Z-X. My entire investment has been paid out in cash based on that formula. It is possible the expenses (Z) are not deductible but they are also a fairly small amount, in that case the capital gain should show as just Y-X. In any case, any ideas as to what I am inputting wrong because I see zero capital gain on my return from this K-1.
Thanks!!
