topic Is a K1 distribution the same as a disposal of a portion of my interest in a partnership? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/is-a-k1-distribution-the-same-as-a-disposal-of-a-portion-of-my-interest-in-a-partnership/01/284973#M10048 Mon, 03 Jun 2019 17:32:06 GMT thomasrmendez 2019-06-03T17:32:06Z Is a K1 distribution the same as a disposal of a portion of my interest in a partnership? https://ttlc.intuit.com/community/business-taxes/discussion/is-a-k1-distribution-the-same-as-a-disposal-of-a-portion-of-my-interest-in-a-partnership/01/284973#M10048 Mon, 03 Jun 2019 17:32:06 GMT https://ttlc.intuit.com/community/business-taxes/discussion/is-a-k1-distribution-the-same-as-a-disposal-of-a-portion-of-my-interest-in-a-partnership/01/284973#M10048 thomasrmendez 2019-06-03T17:32:06Z No, a K-1 distribution is not a disposal of a portion of... https://ttlc.intuit.com/community/business-taxes/discussion/no-a-k-1-distribution-is-not-a-disposal-of-a-portion-of/01/284981#M10049 <P>No, a K-1 distribution is not a disposal of a portion of your interest in the partnership. Generally, it is distribution of profits already taxed through your Schedule K-1. Your share of ownership should remain the same.</P> Mon, 03 Jun 2019 17:32:07 GMT https://ttlc.intuit.com/community/business-taxes/discussion/no-a-k-1-distribution-is-not-a-disposal-of-a-portion-of/01/284981#M10049 MinhT 2019-06-03T17:32:07Z Very commonly, though, it does change your basis in the p... https://ttlc.intuit.com/community/business-taxes/discussion/very-commonly-though-it-does-change-your-basis-in-the-p/01/284992#M10050 Very commonly, though, it does change your basis in the partnership. Mon, 03 Jun 2019 17:32:08 GMT https://ttlc.intuit.com/community/business-taxes/discussion/very-commonly-though-it-does-change-your-basis-in-the-p/01/284992#M10050 TomYoung 2019-06-03T17:32:08Z