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    passive partner's Avatar
    passive partner Posts: 1, Reputation: 1
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    #1

    Mar 2, 2009, 11:18 PM
    Adjusted basis limited partnership
    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's Avatar
    IntlTax Posts: 831, Reputation: 23
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    #2

    Mar 3, 2009, 08:13 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.
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