Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Final K-1
Final K-1
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Tani
Level 3
03-28-2021
11:28 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My client has sold her shares in a Partnership. On the Final K-1 in Box L it shows the following:
Beg Capital Acct: 27,829
Current year net income (loss): (95)
Other increases (decrease): 17681, which was explained as Cumulative Adjustment to Basis on Disposed Units.
Withdrawals & Distributions: 45,415
Her original purchase cost was $50,000
What is the basis of partnership interest be?
Thanks for any help!!!
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
Related Topics
