Final K-1 calculation help basis calculation and section A . income not matching the real gain.

[taxdoer111]

I have final K-1 on a multi-family real estate property

invested 40K in 2018 and received 42k in 2022. My total gain is $2000. Limited partner(passive investor)

section K:

Section L:

The begining capital account is -20,431

Current year net income 62,431

Withdrawal and distributions 42000

Ending capital account is 0. 

Box2. 7642 (net real estate income)

Box9c: 8461 (uncaptured section 1250 gain)

Box 10: 54789 (net section 1231 gain)

Box 19 A: Distributions 42000

Box 20: has N, Z, AG, AH

I have patership basis worksheet and sec 199A.

I have suspended losses carry over of -48,714.

In TT I entered sale price as  62,431

partnership basis as 77368 (liabilities + begining capital account)

When I enter this information in TT and review SECTIONA: line 9

it appears that my net income is -1220 instead of $2000 i received as gain.

Can somebody please help me resolve this?

[Anonymous_]

@Mike9241?

[taxdoer111]

can someone please reply?