- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No. You will need to report these if issued to you. If these are final k-1's, there should be a checkmark in the K-1 forms you receive indicating this is a final K-1 signaling that that the borrower no longer has an ownership interest in the business.
If there is no checkmark, you will need to contact the issuer to have them issue you a K-1 with the checkmark checked.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 27, 2024
11:00 AM