Hello,
I invested in a few private companies a couple of years ago. They all issued K-1s in their first year of operation but they did not in 2022. When I went through the interview in TT, I indicated that I did not receive K-1s from those companies. I did so expecting TT to keep the basis and loss carryover to a subsequent year.
I am reviewing the tax return and see that 2 of the companies that I indicated as not sending K-1s are still shown on the Schedule E. The others do not appear in Schedule E at all.
What should I do in this situation? I do expect K-1s from these companies at some point. Does deleting all forms associated with the companies lose all past carryovers? Will filing about companies without receiving k1s cause issues?
Thank you so much for your help.
