Thanks @AliciaP1, that was helpful. I assume that the basis would be theactual basis, not the reduced basis that the business would need to report for depreciat...
I am completing the 1065 return for my LLC (partnership) and I have the same situation. I was confused because when I completed the information on form 3468, th...
I found my problem. I has mischaracterized the expense reported as Code Z on K1 Line 20 in section D1 as Ordinary Business Income. It should have been Rental In...
