Trey
Level 3

Investors & landlords

Dave,

The more I think about this, I'm thinking that possibley I shouldn't report a capital gain at all.  See this screenshot:.  

Screenshot (224).png

 The partnership didn't end, nor did I "dispose of a portion of my interest in the partnership" itself.  Yes, I got a payout from the partnership for the sale of the asset owned, but I didn't actually sell a portion of the partnership itself.  I'm thinking I would just adjust my tax basis to reflect the rent payment distributions as well as the distribution of the gain on the asset itself.  But I welcome your thoughts if I'm going astray here.  Tx!

@Rick19744, I've seen your comments as well on K1 questions.  I welcome your take on the above issue if you have time and a willingness.  Thanks.