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I owned units as a limited partner in an infamous partnerhsip that will go
unnamed here. The Partnership sent us the final K-1 in 1998 and it now is
liquidated as of 12/31/98. It is characterized as the disposition of a passive
activity. My basis was $5,000. Can I write off the difference (the loss) between
that and the final distribution? Assuming that I can write off the loss, is there an
easy way to calculate it or will you please point me to directions (IRS or
otherwise) on how to calculate the loss?
Thank you.
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