You mentioned the sale of the home is already included on K-1. The only thing on K-1 is on 11A and 11C.
11A is a combination of taxes and attorney fees. 11C is a combination of Commission, Other Closing Costs and Fix UP Expenses. Is this what you mean? Is something missing? Should there be an entry with the amount the house sold for? Only losses are on the K-1. No income is shown. The amount I received is on the 1099-S but not on the K-1. Is the K-1 incorrect? I just thought I have to enter somewhere the monies I received. I definatly need help. Thank you
