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Subject:  Re: K1 Reporting Date:  4/5/2005  10:40 AM
Author:  irasmilo Number:  78308 of 123001

Thanks for reply. I have similar thoughts but if my recall correct past limited partnerships reported with the K1 the return of capital. I repeat I am not sure of regulations but when a LP is liquidated the money received for the units (liquidation funds) does not necessarily represent a purchase price as it may include some other charges for depreciation, etc. This LP called a tax shelter did not do any sheltering for me and now I may even incur a small capital gain. Thi