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Business & farm
Based on the limited information:
- If you never received a K-1, then I am assuming that you have never entered any information into TT regarding this investment; i.e. Schedule E and potentially reflected as a passive activity.
- As a result, I would just enter the information directly on form 8949 which will then flow to Schedule D
- You would enter it just as a stock sale as you received no proceeds and you know what you invested. Just use the name of the investment entity in the description column.
- TT will handle the rest
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎October 7, 2024
5:31 PM