Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 10
After I kill my husband, what the heck do I do with this K-1?

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.

Rule Your Retirement Home Fool
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.