ThomasM125
Expert Alumni

Investors & landlords

Yes, that is correct, but you need to add all the income for the years you owned the investment. You can use the following worksheet as a guide to calculate your basis in a partnership interest:

 

https://www.thetaxbook.com/updates/TheTaxBook/Client%20Tax%20Tools/Partners_Adjusted_Basis_Worksheet...

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"