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I understand that there can't be a negative basis, but how can I get these numbers to show up in the correct places?6. Cost Basis = (84,847) This is supposed to...
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I read some other threads from years ago that detailed how to change the basis for sales that had positive basis, but this particular k-1 has negative basis lis...
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My client brought me a final Partnership K-1 which shows a beginning capital account of ($53,470), Current year net income (loss) of (31,377) and Other increase...
