Client got a 1065 K-1 from a partnership. There are 6 partners in this partnership There is an amount in 19A in the amount of $1240. There is no way to enter an amt on 19A in my computer program. It just says see instructions. Explanation on K-1 shows this amount under cash distributions on the partner's basis worksheet with the adjusted basis of the property at 0. This is the second year for this partnership. Last year they had a cost basis of $1000 and a distribution of $947. Is this still their cost basis for this year? Not sure what to do with this. Thank you for your help in advance.
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