- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
K1 question
Received a final K1 from the sale of a hotel in which I was a partner.
a. Would I report it as a "sold partnership interest" in TT?
b. Section L has beginning capital as 34,318; current year net income as 41,941; withdrawals and distributions as -76,028 and ending capital account as 231
c. What should I be entering for Sale Price and Partnership basis?
d. Box 9c is 4054 and Box 10 is 43105
‎October 15, 2020
2:56 AM