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Author: wildcat111 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121477  
Subject: InvClub Partnership Distributions Date: 2/10/2006 9:19 PM
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In early 2005 I withdrew from an investment club partnership. I have my 2005 K-1 form which includes my share of capital gains and dividends for 2005 plus my gross withdrawal distribution on line 19.
The club invested in cash and stocks only. My withdrawal distribution was in cash for about $10,000 of which about $3000 was gain over the years in the club.

I understand that I report the distribution gain on Capital Gains Form D but I'm not sure where to report it on the form or what figures to report-Gross, Gain only or both. The club did not issue a form 1099, but does provide a Withdrawal Distribution Report which shows the gross distribution, basis and gain. Should this be submitted with Form D or do I just have it available if needed later. Are any other forms required?
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