Okay – hopefully my last post on Pengrowth! If you haven’t
noticed, there are Pengrowth posts on this discussion board
going back to 3/3/05.

Our investment club finally received a K1 Short Form from
Pengrowth in Canada. It clearly indicates that our
investment club is a limited partner in the Pengrowth
partnership. It also lists our distribution from them in
item 19A as “Cash and marketable securities.”

My question continues to be – where do I enter that in our
club Form 1065?

It is not classified as a dividend or a royalty. That does
not leave many other income options. Why can’t I enter it
as Other Income and attach a statement identifying the
source?

Thanks in advance for your responses,

Alan