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passive partner
Mar 2, 2009, 10:18 PM
Form 1065 k-1 part II line L "Ending capital account". Is this your current basis?
If not how is the basis determined when you sell?
IntlTax
Mar 3, 2009, 07:13 AM
Not enough information. The capital account may or may not be your basis. There are too many exceptions for this question to provide useful advice on a forum such as this.