Post: Backup information for Schedule K1
Posted by Tumbao on 4/17/11
So, I received the Schedule K1 from my former company in
which I was a 50% Partner for 5 years until September 2010.
In previous years I always received also the company tax
returns (of course). This year I only received forms showing
the basis but nothing else.
Is my former business partner obligated to provide me with
all the backup information that shows how the numbers on the
K1 were calculated? We are not at good terms and so far he
has not responded to my phone calls...
Whats even more disturbing is that the K1 is showing me as a
64% shareholder for tax purposes. I have no idea how that
has been computed.
Thank you for any replies!
Posts on this thread, including this one
- Backup information for Schedule K1, 4/17/11, by Tumbao.