I sold my 25% member interests in an S Corp LLC to my two partners after 8 months of ownership. I received a K-1 but did not receive a 1099-B for the income. How do I report this income from the sale on my personal return?
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If the S-corp was not publicly traded then a 1099-B would not be issued ... I highly recommend you seek out local professional assistance with this unusual and possibly tricky subject.
Several issues here:
Thank you and duly noted on the need to potentially seek third party professional advice.
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