Thanks, jtax. Super helpful.I think I understand the basic logic of it now. Because PTP income is taxed differently from capital gains, the government wants the...
Thanks jtax. Super helpful. Will need some time to process all this.Just to answer your questions.There is nothing in Box K.The loss amount from L is split into...
The only way I can make sense of that is if the cost-adjustment is supposed to offset the income on K-1 so I am left with the capital gain/loss as it appears on...
