drzhiwang
Returning Member

cost bass

I got a real estate partnership K-1 marked. final

Beginning capital account ~~~~~~~~~$ -89,710

Capital contributed during the year ~~~~~~ $0

Current year net income (loss) ~~~~~~~~ $650

Other increase (decrease) (attach explanation) ~ $89,060

Withdrawals and distributions ~~~~~~~~$0

Ending capital account ~~~~~~~~~~ $0

 

 

Box 2 is 1942

Box 10 is -414

 

is Beginning capital account or ending capital account cost basis?

Thanks.