Mike9241
Many thanks for swift answer. Unfortunately, the distributions (including those that were debt financed) were simply rolled into other personal investments, and I did not materially participate in PS. On a technical note, I must still answer the TT query for its treatment on K-1 "Additional Information". Should I simply move it to line 7(b)(2) ("disallowed investment interest expense") which nets out the deduction? Alternatively, should I simply leave Box 13 blank?
Appreciate your interest.
