Sorry, that wasn't what I was asking. One requirement to file Form 8990 is to have EBIE Line 13 Code K. I was asking if any Line 20 Code items also trigger the ...
I am aware that K-1 Part III. Line 13 K. EBIE triggers the need to file Form 8990 for a limited partner in a PTP. Are there other codes , particularly Line 20 w...
Thank you! My assumption that this is taxed as capital gain held long term. I am bit confused that it woudl be classified as ordinary income since I assumed tha...
As a clarification to the previous post, I am assuming that ordinary income arises from the fact that the losses were taken against ordinary income, reducing th...
I am confused. I know that if I took the losses for a PTP each year then it reduces my basis and when I sell part or all of the position, that I need to report ...
