I received two K-1's from Fundrise. Both have boxes 1-22 empty.
However, for both of them, the partnerships merged with other funds, so in a way the partnerships ended.
Do I need to include these K-1's in my tax return?
Thank you!
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do you have suspended losses and/or tax basis? if so, you're going to have to get details of how to report the merger for tax purposes.
if not then you can ignore it.
Thanks, is that determined in box L or N?
Here's what I have...
K-1 #1:
- Box L, Current year net income (loss): $0
- Box N, Beginning: $0
- Box N, Ending: $0
- Boxes 1-22: Empty
K-2 #2:
- Box L, Current year net income (loss): $0
- Box N, Beginning: $4
- Box N, Ending: $6
- Boxes 1-22: Empty
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