k-1/withdrawal distributions

mmoriarty on

Can someone explain why the K1 of a member who withdrew funds shows
distributions 19C (other property) as the club's cost basis and not
the member's cost basis?

ira smilovitz on

Was it a partial withdrawal or a full withdrawal? BTW, the entry should be in 19A, not 19C.

Ira Smilovitz

On Thu, Mar 26, 2015 at 5:14 PM, <mmoriarty@crocker.com> wrote:

Can someone explain why the K1 of a member who withdrew funds shows distributions 19C (other property) as the club's cost basis and not the member's cost basis?

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