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You may need to file a Minnesota tax return as a Non-Resident, but only if your gross income from Minnesota exceeds $14,950 (in 2025).  More details of filing as a MN non-resident can be found here: MN Non-Resident Income Tax Fact Sheet .   The date for the final estimated tax payment for 2025 in MN is January 15th, 2026.  Even if you make a payment by this date, it is possible that you may still get assessed an underpayment penalty.  Government departments of revenue work on a "pay as you go" system, meaning that taxes should be paid as the income is earned throughout the year.  If you are assessed an underpayment penalty to Minnesota, TurboTax will automatically calculate that penalty for you - you can then choose whether to pay the penalty when you file your return or have the Minnesota Department of Revenue send you a bill for the penalty.  Please be sure to file your returns and pay your taxes due by the April 15th filing deadline, otherwise additional interest and penalties may accrue.   For filing state taxes, be sure to work on and finalize your non-resident MN return first before working on your WI resident return.  If you have a tax liability for Minnesota, Wisconsin will give you a credit for taxes paid to Minnesota to ensure that you are not being double-taxed on your Minnesota income.    

Maybe this will help?   Quick Employer Forms FAQ https://quickemployerforms.intuit.com/faq.htm   Did you enter the EIN with the dash in the right place?  Both EIN and SSN are 9 digits.   Yes you have to print and mail them to the recipients.    You need to give a 1099NEC to anyone you paid $600 or more to for the year. But not to corporations or for merchandise. You send the IRS a copy of the 1099NEC with the transmittal summary form 1096. These are due to the person by Jan 31.

Have you already sent the 4th quarter estimated tax payment or do you need to pay for the 4th quarter estimated tax payment? To make an estimated tax payment go to this IRS payment website - https://www.irs.gov/payments   To enter, edit or delete estimated taxes paid (Federal, State, Local) - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimates, click on the start or update button Or enter estimates paid in the Search box located in the upper right of the online program screen. Click on Jump to estimates paid   A QCD from an IRA withdrawal would be reported on a Form 1099-R.  The form is estimated to be available in TurboTax on 01/21/2026.

What was the source of the email. can't guarantee this, but the IRS usually does NOT bug the taxpayer for $2. The cost to the IRS to send out the notice and process an amended return is much more than $2.  What was the form number? @VolvoGirl is correct, the IRS doesn't send emails. 

The calculation is governed by IRS Section 423. The "Ordinary Income" is essentially the "bargain" you received when you first bought the stock, which is finally "triggered" for tax purposes when the merger causes a sale or exchange.   The formula for ordinary income depends on whether the sale is a Qualifying or Disqualifying disposition.   A. Disqualifying Disposition (Sold < 2 years from Grant Date OR < 1 year from Purchase Date) In a merger/buyout, this is common. The ordinary income is fixed regardless of the final sales price:   Ordinary Income = (Old Company FMV on Purchase Date) - (Price Paid per Share).   For example, if you receive $15 per share in a buyout but the FMV on your original purchase date was $10, and you paid $8.50, your ordinary income is $1.50 ($10 - $8.50). The remaining $5.00 ($15 - $10) is capital gain.   B. Qualifying Disposition (Held > 2 years from Grant Date AND > 1 year from Purchase Date) The ordinary income is the lesser of: The actual discount offered by the plan (usually 15% x Grant Date FMV), or The actual profit made on the sale (Sales Price} -Price Paid).   Check your final 1099-B: The broker (like Fidelity, Schwab, or E*TRADE) usually provides a "Supplemental Tax Statement" alongside your 1099-B that breaks down the ordinary income vs. capital gain for ESPP shares.   Review the "Tax FAQ" for the Merger: Most companies (e.g., "Company A Acquisition of Company B Tax FAQ") publish a PDF for employees explaining exactly how to treat the conversion of shares.   @jeffhowe             

El formulario 1099-K debe emitirse antes del 31 de enero de 2026. Es posible que aún lo reciba. Verifique el centro de impuestos de su plataforma de pagos (PayPal, Stripe, Etsy, etc.) para ver si se emitió un 1099‑K electrónicamente. Es posible que no sea elegible para recibir el formulario 1099-K. Por favor, lea este artículo para obtener más información sobre los límites establecidos. Sin embargo, incluso si no recibe el formulario 1099-K, todavía está obligado a declarar todos sus ingresos. Si es un contratista independiente/participante de la economía de trabajos por encargo y está reportando sus ingresos y gastos en el Schedule C, puede usar los pasos de este artículo para informar sus ingresos y gastos.

Not sure what you mean by income loss. You either have net income or a net loss. The K-1 should be checked final For capital loss purposes, your basis was the original $50k (I assume no distributions) reduced by the net losses each year. (Your K-1 schedule L, if completed, should show a negative $33K). Your cumulative losses exceed what you invested, and that indicates you were not at-risk for the excess so that portion is not deductible. For your 2025 return, you should get an ordinary loss deduction of $50K (the suspended losses reduce by the amount not at-risk). You must go through the disposal section and indicate sold for $0 with a basis of $0.  There is no way you get a $133K loss when you only put in $50K.    https://www.irs.gov/pub/irs-pdf/i1065sk1.pdf  - make sure to read the at-risk section you can use the worksheet in the 1065 instructions to figure your basis. However, be warned that the 1st line is your basis on 12/31/2024, with a warning that it says- Not less than zero. Normally if schedule L is completed, it would be what's showing at the beginning of the year + your share of liabilities. With termination, your share of liabilities at the end of the year should be zero.