The K-1's that were issued in the past were based on the ownership %'s for that year. That is not the problem. The problem is that the profits for those years were never distributed. THe shareholders already paid the tax on the profits they just never received the cash. So now they want to distribute the cash. And I know there are strict rules that the amounts distributed have to be based on the ownership %. But as of when....when the profits were earned? the current ownership %? some average?