Announcement

Collapse
No announcement yet.

End of a S K-1

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    End of a S K-1

    I just need a little reassurance here. Client (passive investor) had a K-1 from an S-Corp for 15 years. Client contributed approx 5k. There were losses each and every year - all small amounts adding up to less than 1k in carryover losses. These we are taking this year.

    No distributions.

    I am also taking the remaining basis on Sch D. For some reason I am unsure of myself and need confirmation. (Or correction.)
    JG
    Tags: None
    #2
    Endof S K-1

    Did the K-1 have "Final' marked on top?
    Uncle Sam, CPA, EA. ARA, NTPI Fellow

    Comment

      #3
      Originally posted by Uncle Sam View Post
      Did the K-1 have "Final' marked on top?
      Yes, thanks it did.
      JG

      Comment

        #4
        Originally posted by Uncle Sam View Post
        Did the K-1 have "Final' marked on top?
        So, was that my answer?
        JG

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...
        X