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I have invested in a LLC Partnership that had a technical termination. I reported each k-1 separately on my return. Is that all I need to do to report this transaction?
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June 6, 2019
4:25 AM
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Business & farm
Yes.
Except next year you will want to eliminate one of the K-1 input forms since you will only receive one K-1 in 2017 (assuming there is not another technical termination).
*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.
June 6, 2019
4:25 AM