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

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Subject Author Date where did the distributions from line 19 of 1065 Schedule K1 go? removeps-groups@yahoo.com 04-07-2009  Re: where did the distributions from line 19 of 10... DF2 04-07-2009  Re: where did the distributions from line 19 of 10... Kadaifi 04-08-2009
Posted by removeps-groups@yahoo.com on April 7, 2009, 4:49 pm Please log in for more thread options Looking at my Schedule K-1 for a 1065, there is a distribution on Line 19. 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. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by DF2 on April 7, 2009, 6:24 pm Please log in for more thread options In misc.taxes.moderated, removeps-groups@yahoo.com wrote: >Looking at my Schedule K-1 for a 1065, there is a distribution on Line >19. 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. 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. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Kadaifi on April 8, 2009, 1:22 pm Please log in for more thread options removeps-groups@yahoo.com wrote: > Looking at my Schedule K-1 for a 1065, there is a distribution on Line > 19. 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. > 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" -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted K1 - Entering Distributions (Line 19) In TaxAct April 10, 2008, 1:12 pm Schedule M-3 for 1065 March 30, 2007, 4:35 am Which Line in Schedule C ? March 17, 2008, 7:56 am Do I deduct my 4th estimated tax payment for 2006, made in Jan 2007 on 2007 schedule A line 5? January 18, 2008, 7:33 pm question about line 75 - Amount of line 73 you want applied to your 2008 estimated tax June 23, 2008, 6:31 pm Non-dividend Distributions??! February 5, 2007, 1:31 am Partnership distributions October 3, 2008, 1:05 pm Early Plan Distributions June 29, 2007, 6:07 pm Tax on Early Plan Distributions June 29, 2007, 6:08 pm 401K Distributions Overseas March 12, 2008, 9:59 pm