@nexchap Alright this is about what I had. I was off a few thousand but thanks to the example I think I have it now. I do understand the cumulative adjustment to basis comes from total distributions + the ordinary business losses reported in Box 1 of each k-1 summed over the life of ownership.
Thanks!
Edit: 30,000-foot view I think it would behoove anyone that comes across this forum to understand that they shouldn't be claiming as income a number greater than their reported cap gains from their broker + cumulative adjustments to basis. I think that took me a bit to understand but I see it now.
