JV is Joint Venture. Sorry, there was not enough space to write a more precise question. We sold an asset back in August and there is no activity nor business operations at JV level. The lender was paid, distributions were made so there are only few expenses left such as tax return preparation, registered agent fees, DE franchise taxes and one last distribution left for the remainder of cash in the account. All expenses and distributions are already recorded but cash will move in 2017. Upper tier entities are dissolving 2016 but JV is controlled by our partners and they will dissolve in 2017. So I wanted to know if this affects upper tier entities because they need to await for the K-1 from JV to file own K-1s.
