Hi Mike,
Thank you so much for your reply. It clarifies it but I do want to give you numbers and just double check.
So my beginning capital is 39,768.
Line 10 is 52,338.
Line 5 is 1672,
Line 1 is -896,
line 2 is -1888.
I add all these together to get at my basis of partnership interest, which is 90,994?
What do I do with the difference between 90,994.
I subtract Line 19 distributions from basis of 90,994 and come up with 2,043. Do I do anything with 2,043?
Thank you!
