K-1 (1065) Publicly Traded Partnership Loss
Posted 14 April 2011 - 11:05 PM
Box 1 Ordinary Business Loss =(119)
Box 5 Interest = 5
Box 6a Ordinary Dividends = 4
Box 11 C Other Income (loss) = (3,829) - this flows to 6781 and on to Sch D.
Box 11 F* Other Income (loss) = (4,910) - ??? I don't know where this is to go.
* Partner instructions attached = "Under Temporary Treasury Regulations section 1.469-1T(e)(6), non of teh distributive share items reported to you on the K-1 are considered to be derived from a passive activity. Other Income, Box 11 Code F - Net Ordinary Income (loss) from Swaps.
He has a beginning capital balance of 27,751 and an ending 18,902 as a result of the overall 2010 loss of (8,849) identified above.
Any guidance in how this loss should be treated would be greatly appreciated.
Posted 15 April 2011 - 09:43 AM
Posted 15 April 2011 - 01:20 PM
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