@ThomasM125 since @kaijakiwi sold a percentage of a business they had an ownership interest, why would it be assumed they would not receive a final K-1 for this? They did refer t the other owner as a "partner". So if I were to assume anything, I'd assume it's at least a pertnership that files a 1065 return. But it could be an S-Corp for all we know. The thing is, we don't even know what kind of business this is, and I don't understand how or why it's being assumed no K-1 was issued or would be required to be issued.
