USA Partnership - K-1


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Can someone please assist me...I am preparing the tax return of an investment partnership and I have encountered 3 areas where I am unsure. My questions are,

1) Why would the distribution amount on line 19 be different from the amount reflected on the partner's capital account--withdrawals & distributions section L on the K-1? I have approx. 30 K-1s but only one is not matching.

2)Is there anything extra I have to do when there is a built-in gain or loss noted on the K-1?

3)How is the current year increase(decrease) in section L of the K-1 calculated?

Thank you in advance for your answer(s) to these questions.
 
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Becky

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You posted your query in the archive section - I've moved it into the forum for you :)
 

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