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No.
You should be maintaining a basis schedule of your investment in this activity. This begins with your original capital contribution and is updated annually for the applicable lines on your K-1.
Once you update your basis schedule for the final K-1, you will then have the information to determine if you have an overall gain or loss on this investment. This gain or loss is then reported on Schedule D and the applicable form 8949.
No.
You should be maintaining a basis schedule of your investment in this activity. This begins with your original capital contribution and is updated annually for the applicable lines on your K-1.
Once you update your basis schedule for the final K-1, you will then have the information to determine if you have an overall gain or loss on this investment. This gain or loss is then reported on Schedule D and the applicable form 8949.
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