@Mike9241 wrote:
the loss creates other issues.
Yet the threshold issue here is that @philtinataxturbo does not appear to be aware that a K-1 is prepared and issued to the shareholder(s) in the process of preparing the 1120-S.
Thus, the question is whether the return was prepared manually (without a K-1) or otherwise but @philtinataxturbo never received a K-1.
