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gregcor76
New Member

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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TaxGuyBill
Level 9

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?

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

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TaxGuyBill
Level 9

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?

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

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