Why does my K-1 show a different balance?

The discrepancy in capital start/ending balances is due to the activity of your account during the that specific tax year. For example, if you are a 2018 investor, your starting capital balance for your 2019 K-1 picks up from the capital balance at the end of 2018. For example, a 2019 investor with 10 shares would have a starting capital balance of zero and a capital contribution of $500. Please let us know if we can provide any additional bits of information.