posted 02-25-2008 01:10 PM
How do I record K1 income which will also increase the Cost Basis of my investment? (when I did not receive any money...only paid taxes on it)
posted 02-25-2008 04:30 PM
There is lots of information available about K-1’s. Because everyone’s situation is different, there isn’t a simple set of steps. Please review the links below then reply with any specific questions. From a search of the User Forum for "K-1":