Taxes-by-Rocky
Level 7
05-15-2021
03:30 PM
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Christine, not sure if you are referring to a PTP transaction.
See instructions to Box 19A (distribution of marketable securities).
Partner's Instructions for Schedule K-1 (Form 1065) (2020) | Internal Revenue Service (irs.gov)
Does your partner have a gain from the sale or exchange of their partnership interest....requiring a look through for hot assets, etc.? Some states might tax such gain/income.