The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/well-if-the-k-1-were-a-frozen-leg-of-lamb-you-29862744.aspx

Subject:  Re: Schedule K-1 (Form 1065) Date:  2/21/2012  8:38 PM
Author:  AngelMay Number:  115176 of 132175

Well, if the K-1 were a frozen leg of lamb you could use it as the murder weapon, then roast it and serve it to the detectives. Tax season intermission question: Name that plot line. Bonus points for naming the Oscar-nominated (not for this role) actress.

But since it's an FYI item that doesn't affect your 1040 at all, I suggest you use it to draft your apology speech to the poor schlub as the start of a special evening. We discussed this last year, when these started popping up all over the place. While you'll find some people who will say send a copy to the IRA custodian, I'm of the camp that says use it to make papier mache animals. After all, if you examine it closely you'll see that what you have is a copy of what went to the custodian in the first place. If any action is required, it's rquired of the custodian.

Phil
Rule Your Retirement Home Fool

----------------


LOL!
Thank you, Phil.
I will hold off killing him for now.

AM
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us