You're touching on an important and common observation in partnership liquidations. In a complete liquidation, the final Schedule K-1 does indeed show an ending...
If I follow your recommation, I end up getting the same amount for cost basis and sale price, which results in zero capital gain/loss. This cannot be true as I ...
Thank you for your answer. Based on your explanation, my understanding is thatCost Basis: Beginning capital + income allocations - losses + contributions - dist...
