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Business & farm
I too will be getting out of these stocks (partnerships?) before the end of 2021. Entering these K-1's is a nightmare and a ridiculous waste of time....Which sucks because I believe these in general are great for earning income at a low (tax) cost.....but clearly only for the ultra wealthy who can hire a CPA to deal with this filing crap...So, basically another loophole for the wealthy to avoid taxes.
My time is worth more than the few hours I have spent entering these values with just about zero understanding of what the values on these forms even means.
May 16, 2021
7:17 PM
4,923 Views