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K 1
I invested in real estate partnership a number yrs ago that was sold/liquidated in 2022. I received the K 1 and when completing Turbo Tax the basic questions as to basis and sale price were asked. Is the reported basis my original investment, or the Beginning capital amt reported on KI or something else? Is the sale price the Distribution reported on the K1 line 19 or that less the Beginning capital amt?
‎July 24, 2023
11:52 AM