Thanks.
I also noticed in box 20, I have
SCHEDULE K-1 SECTION 199A INFORMATION, BOX 20, CODE Z
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DESCRIPTION AMOUNT
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RENT - APARTMENTS
RENTAL INCOME (LOSS) 27,652.
SECTION 1231 GAIN (LOSS) -161.
W-2 WAGES 10,985.
UNADJUSTED BASIS OF ASSETS 149,118.
is this UNADJUSTED BASIS OF ASSETS the cost basis?
PS: Essentially, an unadjusted basis is the original cost to purchase an asset, which includes the price to acquire the asset and any expenses and liabilities associated with the purchase.
