- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Many times the K-1 will show the basis.
It is in very general terms, the cost you paid for the partnership interest, plus the income reported, less the losses taken, when the K-1 was reported. .
The following IRS publication 541 has much more detail on this.
‎June 6, 2019
3:51 AM