Posted by Chuck

Chuck asked 6 days ago

2018 went okay for a losing business. 2019 for tax filing, Owner of the company stripped off my contribution. 2018 went okay for a losing business.
2019 for tax filing, Owner of the company stripped off my contribution and saying I am not a partner. There is no written or verbal information on this distribution and saying I am not a partner. What do I do?

1 Answers
Chris Reich Staff answered 6 days ago

Chuck,
Did you get a K-1 for 2018? If so, that might be your proof of being a partner. If there is no documentation saying you are no longer a partner, that K-1 can prove your ownership. At least it would be a good start. Reach out to me if you need help. Chris Reich, Mediator