vahaudio
Level 1

Client owned 20% share in an s-corp that sold in 2015. Their share of the sale was reported on their 2016 schedule K-1, Their 2017 K-1 showed some losses, and they received no schedule K-1 in 2018. Neither of the last K-1's received were "final".  If I choose complete disposition, I wouldn't want to show the same proceeds amount that was provided on the 2016 K-1. This would result in additional taxes owed. That being said, how would we properly dispose of the K-1 on the taxpayers individual return?  

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