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While we don't have the history, based on the information presented, this makes sense.
As a partner in a partnership, you need to maintain a tax basis schedule. This is your cost / investment in the partnership. This begins with your capital contribution and is adjusted each year for the applicable boxes on your K-1.
A few years ago the IRS mandated that the capital account on the K-1 be reported on the tax basis. While this may not be exactly the same as your tax basis, in most cases it is.
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