The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/k-1-form-question-30623655.aspx

Subject:  K-1 form question Date:  4/5/2013  2:16 PM
Author:  tedhimself Number:  118294 of 123001

A fairly large number of Wife's extended family leased a piece of land to an oil company in 2012. One member of the family who is a lawyer set up an LLC.

To keep the math simple, wife's share of the total rental in 2012 would have been $1,100, but the lawyer only sent us $1,000 in 2012 because he is withholding this amount from each member until we g