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Business & farm
Loan was to sub s that was dissolved in July 24 2024. Final return was submitted Nov. 2024, but K-1 does not reflect capital losses of stk or loan basis , approx $56k I am the only shareholder. I don't think I can fix this on my personal return, but with staffing at the I. R. S reduced and the corporation effectively dissolved, not sure how best to amend the return without opening up, Pandora's box.. what is the best course of action to claim the long term capital loss. The company was not sold it was insolvent.
‎April 25, 2025
4:46 PM