But do you think under current law that earnings reported but never received are still taxable?Is there no remedy?

Lot of shenanigans going on. The k-1 could be understated or overstated. It's under audit. Just doesn't seem equitable .

It is not a trust

It's not a trust

I understand the pass through reporting. But my question is what if you have previously reported k-1 earnings and paid tx but have not and never receive a cash ...