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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?

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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.

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