Do not agree with K-1 issued by LLC partnership of 4 members I have searched high and low, but cannot find what needs to be done if I do not agree with the K-1 issued by my partner. We have (or had) a 4-member LLC partnership from which 3 of us withdrew our interest. The remaining partner (or now a sole proprietor) has prepared the 1065 return by himself, without proper records or book-keeping. He has issued K-1 which the rest of us do not agree to.
IRS instructions state that I cannot file form 8082 since the partnership has fewer than 10 partners. What else can I do then ? I need to file my return !! Can I enter $0 as the K-1 income ? Please advice as this is time critical! |