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!!!
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