I was asked to help wind down a partnership. There are three partners, two of the three partners were paid cash as a distribution to get their capital accounts to zero.

The issue is the partnership has $100 cash remaining yet one partner has a remaining capital balance of $15,000. I am concerned with the following presentation:

1) The $100 would be a distribution to the partner with the capital balance and would be reflected on page 5, m-2 section, line 6a and on K-1 page 4 Line 19a and would flow to page 1 of the k-1

2) My question is the remaining capital, would the 14,900 be a return of capital and recorded on page 5, m-2 section line7?

3) Where would the 14,900 be reported on his k-1?

Thanks in advance,