Michael asked,

I run an investment club and will have a partner is making a full
withdrawal. How is that reported on the K-1 since the capital account is
on $1,000 but the withdrawal will be $2000?

The cash amount paid out in a withdrawal is reported on Line #22 of the
withdrawing partners K-1. If stock is used to pay some or all of a
withdrawal, the club's cost basis in the stock distributed is reported on
Line #23 of the withdrawing partners K-1.

See the IRS instructions for Form 1065 and Schedule K-1 for more details.

Thanks for using bivio!

Jerry Dressel
St.Louis, Missouri
Trez_Talk@bivio.com