Hi Rick,
I have another question about the tax basis. When I started with this partnership I actively participated, which allowed me to write off the losses up to 2014. After 2014 I became passive and stayed passive the remainder of the partnership. Because the activity was passive I did not include the K1 from 2015 through 2019. Now that the partnership is bankrupt, I want to write off that existing capital from 2015-2020. Since this is the final K-1 I will be filing with my 2020 return. The partnership was very poorly managed, and also missed the K1 for 2015 completely, then sent the partners K1s each year from 2016-2018. The company is now out of business due to going bankrupt. Is this going to be a problem because I did not include the K-1s from those previous passive years?
