Doesn't that flow through to all partners? I need to make changes to the basis of only the partners that sold part of their interest and to the new partner.
New partner bought partnership interest from other partners. He now owns 10% and they each own less than original. So their inside basis needs to be adjusted.
Can't figure out why amounts entered in the K-1 wks on the "other adjustments" lines under Capital and Basis don't flow to the K-1's?