Skip to main content
Level 1
June 28, 2020
Question

Form 1040 Schedule K-1 from PTP

  • June 28, 2020
  • 1 reply
  • 9 views

Where do I enter the amount of capital contributed during the year?  Box L "capital contributed"

This topic has been closed for replies.

1 reply

Taxes-by-Rocky
Level 7
June 28, 2020

While most PTP's do a good job at tracking and reporting tax basis these days, including those on  PwC's https://www.taxpackagesupport.com, you may still wish to track your taxpayer's basis yourself.