- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Hi, Rick19744:
Thank you for your answer.
You are right, it is an LLC, I am a Limited Partner.
The K1 reported interest X at box 5 and capital gains Y at box 9a, and deductions Z at box 13, there's nothing at box 19, I think at least they should distribute (X + Y - Z) to me, but they never distribute me anything for years.
So I end up paying tax for the money I have never received, for years, is this legit? I can't see other LLC member's K-1 and I am not sure if other LLC members are getting any distribution, and they never provide any statement to me.
The worst part is that, I can't sell it, I can't even exit it with a total loss.
Erika
Thank you for your answer.
You are right, it is an LLC, I am a Limited Partner.
The K1 reported interest X at box 5 and capital gains Y at box 9a, and deductions Z at box 13, there's nothing at box 19, I think at least they should distribute (X + Y - Z) to me, but they never distribute me anything for years.
So I end up paying tax for the money I have never received, for years, is this legit? I can't see other LLC member's K-1 and I am not sure if other LLC members are getting any distribution, and they never provide any statement to me.
The worst part is that, I can't sell it, I can't even exit it with a total loss.
Erika
‎June 7, 2019
5:39 PM