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

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

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

  1. 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.
Reply to
removeps-groups
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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.

Reply to
DF2

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"

Reply to
Kadaifi

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