<title>
If you transferred your capital out of one investment int...
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/if-you-transferred-your-capital-out-of-one-investment-int/01/600685#M23612
</link>
<description>
<P>If you transferred your capital out of one investment into another, you will report the first investment as "sold or disposed of" for <U>zero dollars</U>.</P><P>From the IRS' perspective, you received a <B>final distribution</B> from the first investment and used that "money" to buy your second investment. This may trigger a tax gain or loss, depending on your <B>basis in the first investment</B>. Be sure you complete the <B>Capital Account Information</B> (see screenshot below - click to enlarge) during the K-1 interview for both investments.<BR /></P>
</description>
<description>...</description>
<pubDate>Thu, 06 Jun 2019 05:34:32 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/business-taxes/discussion/if-you-transferred-your-capital-out-of-one-investment-int/01/600685#M23612
</guid>
<dc:creator>PatriciaV</dc:creator>
<dc:date>2019-06-06T05:34:32Z</dc:date>