Message Font: Serif | Sans-Serif
No. of Recommendations: 0
My K-1 indicates a loss on line 1. (I am still holding the stock, by the way; so this is not a final K-1.)

You've already lost me there.

You say you have a K-1. But K-1s can come from a partnership, an S corporation, an estate or a trust. So which of these do you have some ownership interest in?

Then you say you are still holding the stock. What stock? Perhaps this is an S corp? But later on you mention a PTP - which is a Publicly Traded Partnership.

I think we need more facts here.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.