- The S corp began in 2010 in which you contributed $10,000
- What were your share of the losses in each of 2010, 2011 and 2012?
$2.500, $5,000, and $6,500 I'm using rounded figures. The math I can do; it's the concept and process I need.
- What has happened since 2012 as nothing has been mentioned about the gap years; from 2012 to 2019
There was no K-1 or other statement from the company until a they defaulted on some notes, the lenders came knocking, and the next day they were closed.
- Have you received any K-1's since 2012?
No
- Do or did you materially participate in the S corp in any of the years since inception?
No
- Do you have a copy of the bankruptcy filing?
Yes. Note that this all fell apart when the majority stockholder (I had 1%) has been indicted for federal fraud and other charges. The company was dissolved and equipment, etc. disposed.
- Have you either contributed additional $$ or loaned $$ to the S corp subsequent to your initial capital contribution?
No
