wbraden3
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Yes. Your investment is what you paid to buy the share in the partnership. If they go broke, you lose all that money, so it's at risk.
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I read it the same as you did.
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I misunderstood. If your son lives in the same state as you, no problem. Download the free state and use it for all your returns. You only have to pay if you ne...
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Regarding the basis of your shares from 2021. Normally it's what you paid for the shares. But, you may have received a non-taxable distribution from the company...
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Your partnership should have supplied the details needed. I would consider calling them up and asking them how to report it.
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