Capital Gains and Losses
Questions and comments about tax rules for buying and selling stocks, mutual funds, real estate and other assets.
K-1 Capital gain from sale of property with negative capital account
Posted by: tommartin, November 3, 2017 08:09PM
I am wondering with a negative capital account on a person's K-1 from a limited partnership, when the total property is sold (real estate), is the negative capital account balance added to the capital gain and taxed at that CG rate, or is it like recapture and taxed at regular rates?



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