nwempe
Level 3
11-30-2022
02:16 PM
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Trying to determine if we're treating depletion and excess depletion correctly on the partnership K-1s. Instructions say increase partner basis by "depletion in excess of basis (other than for oil and gas depletion) and then decrease partner basis by depletion. Why does the "increase" say other than for oil and gas depletion?
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