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Investors & landlords
Thank you @rjs . Great, both of your methods work to get code L. Last year, I was hesitant to perform what jtax suggested due to voiding the accurate calculations guarantee - thank you for clarifying that this method does not indeed void the guarantee.
Yes, I am reporting a non-final liquidation distribution, where the distribution is less the basis. Thus I can not take the loss yet, and distribution reduces the basis.
May 17, 2025
11:54 AM