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Level 4
posted Apr 8, 2024 3:03:44 PM

How to calculate a K-1 basis when selling

Per the internet / accounting firm notes:

 

Just like other partnerships, the basis of the investment in the PTP

is adjusted each year by income, deductions, and distributions.

 

TIA,

 

Tom

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1 Replies
Level 4
Apr 8, 2024 3:23:06 PM

Post deleted by author