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?

posted

Connect with an expert

1 Best answer

Accepted Solutions

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

1 Reply

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

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.