club_cafe: Final K-1 for a Departing Club Member
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club_cafe: Final K-1 for a Departing Club Member >>Should the final K-1 of a departing club member display a zero in box (Je) of the K-1 "Capital account at end of year". If so, how do you reflect the amount of any unrealized loss on the books of the club relative to that partners account. Thanks for your input. Most investment clubs should not be filling out anything in boxes J(a) through J(e). If you answered Schedule B, question 5 "yes", you do not complete item J. Ira Smilovitz |
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