I had gotten myself involved in a Limited Partnership a few years ago. Each year I submitted a K-1 with my taxes, but this year the partnership fell apart and I had to initiate legal action against the General Partner. I got most of my money back, but lost a little money to legal fees. The K-1 that came out this year had very little to do with the actual value, gain or loss related to my share in the partnership. Do I report the K-1 as is or do my own calculations on what loss I took overall after expenses and legal fees? DC G
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