Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 10:04:06 AM

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?

0 1 217
1 Best answer
Level 9
Jun 1, 2019 10:04:07 AM

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

1 Replies
Level 9
Jun 1, 2019 10:04:07 AM

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