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MakinBank

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MakinBank

Re: retireat51 post# 42

Wednesday, 08/11/2021 9:46:00 AM

Wednesday, August 11, 2021 9:46:00 AM

Post# of 57
similar numbers here, but don't worry my fellow investors, I was told by a specialist the accountants got it wrong. Since there was no sale/exchange for the huge operational income they are providing you, you will not have to report it as such and it essentially cancels out (that's how it worked in my case which I had a 2019 k-1 which helped cancel it out)

speak to a partnership specialist. It's in the IRS code
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