Thanks.   I saw the basis, which is different than what it states on the K-1 as you mentioned.  This particular tax client was given a payout to sell her 8.33% investment and the payout shows in the Section I box L.  Interestingly enough the basis I show in Intuit from prior years of this K-1 is around $126+k and she had a payout of about $128+k, the current year K-1 shows a decrease in basis of $97+k as transfer of capital to the client.  I entered the decrease in basis as reported on the K-1 but don't see it flow through as income for her.  I know it should be reported as a sale of a Capital Asset, do I report this on schedule D with the basis in the investment as shown on the current K-1?  I don't do a lot of work with K-1's like this so am a little unsure how to proceed.