This relates to your share of Section 751 gain. The ordinary gain may not be applicable to you, however, without seeing the actual K-1 and statements I can't be certain.TT will use this information when determining your overall tax rate. This is the 1250 gain you refer to in your facts. You will include line 9c when asked by TT, but this has no bearing on your tax basis or overall gain or loss.The difference will be your overall gain or loss.Your tax basis figure, once determined, is your cost basis.You need to know exactly what that amount is as this becomes your selling price. The withdrawals amount may or may not be what you actually received upon exiting this partnership. Bottom line is you need to compute your tax basis from the beginning and then adjust it for the applicable lines on this final K-1.You can ignore line 20V as you are not a tax-exempt entity so unrelated business income does not apply to you.It also appears that you are reflecting a negative $1 for line 5 and that doesn't make sense.
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