thanks the partnership was private I believe the K-1 Part II sec L, the capital acct analysis, reflects the basis as there were periodic distributions over the years. The math appears that way: initial investment plus or minus profits/losses less distributions. This is why I asked if the basis was the 2022 K-1 Beginning cap acct. I guess some of the routine distributions were capital or orign invmt return Correct?
A second question since both Part III boxes 1 and 2 had values Turbo Tax says to do separate K-1 schedules. If I do this, how do I avoid doubling the capital gain being doubled?
