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?
01217
1 Best answer
TaxGuyBill
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
TaxGuyBill
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.