Hi,
Actually, if I add all the income and capital gains received on my 2018-2021 K-1s, the amount is NOT equal to my final check. The difference between the 2 amounts is listed on my 2021 final K-1, line 19 (Distributions) with a Code C. (Which is 'Other Property').
This was a lengthy discussion between @Mike9241 and myself. Hoping he would be able to answer and confirm my question:
Only if I ADD the 'Other Property' Code C amount (line 19), to my cost basis, then my cost basis is equal to my final check amount.
I just want to verify that I should do that, so that YES, my cost basis = Sales Proceeds, and I put the same number on the TT form.
Thank you!
