Even though we owned 300 shares at the end of 2019, the K-1 2019 does have the box checked stating Final K-1, in addition the first page states this will be the final K-1. Turns out we don't have any carry loss forward from this. So, comes back to the question on TT do I state all shares were disposed of, since all of them were exchanged for corporate common stock and all future G/L will be reported on a 1099.
Another question, which I may have missed last year: On the 2019 supplemental Schedule Page 2, it shows your share of Qualified dividends on box 6b was $32, whereas on the total showing on the main K-1 page has box 6b totaling to $267. The same goes for Box 11I5, 13H, 6A, etc. the 2nd page of the schedule has several entries stating our amount is less than what is shown on main K-1 page. Do I just enter the main page entries or make the adjustments stated on page 2. What a nightmare. 🙂
