Looking at my Schedule K-1 for a 1065, there is a distribution on Line19. But I didn't receive any money from the partnership. I'd expecta direct deposit to show up in my brokerage account, or at least forthem to mail me a check. Distributions lowers your cost basis andthus increases your capital gain, so this is an important issue.

where did the distributions from line 19 of 1065 Schedule K1 go?

Apr 07, 2009 2 Replies

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removeps-groups 17 years ago

Looking at my Schedule K-1 for a 1065, there is a distribution on Line

But I didn't receive any money from the partnership. I'd expect a direct deposit to show up in my brokerage account, or at least for them to mail me a check. Distributions lowers your cost basis and thus increases your capital gain, so this is an important issue.

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DF2 17 years ago

I would expect it to show up in your brokerage account. Look at your statement history. If the partner is publicly traded, the pay dates can be identified to help know where on the statements (not the

1099s) to look for the payments. The pay dates are later than the ex-distribution dates.

The statement may show the payment as return of capital.

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Kadaifi 17 years ago

In my case, the amount on line 19 equals the total distributions on my brokerage (Schwab) statement. The distributions on the brokerage statement were labeled "Cash Dividends"

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