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Distribution on K-1
I received a final K-1 from a partnership that I had a Profits interest in, and where I had filed an 83(b) Election. The K-1 in the capital section starts with zero, has Additions and withdrawals that net to zero. There is also a distribution to me of the same amount that should be LTCG. There is no income or loss. When I enter the distribution in TT it does not increase my income anywhere. How do I get this in as a LTCG?
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‎June 5, 2019
4:25 PM