Investment K-1 1120S that shows a value in box 1. However, I did not receive any $'s from this invst during the year. Is this normal? Should I have received a check?

gregcor76 · ‎June 1, 2019

TaxGuyBill · ‎June 1, 2019

Yes, that is normal. That is your share of the business' profit, regardless if you actually received anything or not.

Retirement tax questions