Irma,You first have to calculate your cost basis for your club interest. This would be the total of all the cash you contributed, plus or minus the income/expense items reported to you each year on your k-1. Don't forget the k-1 for the year that you left the club. The difference between that cost basis and the amount received is the gain reportable on the Schedule D.If your club was using NAIC's software or bivio.com, there would be a withdrawal statement that could be supplied to you, showing all the pertinent data.Rip Westtrez_talk@bivio.com
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