Hi! I need some help please. We are a foreign corporation, who purchased a bar (X Bar), then formed an LLC ( ABC LLC) together with the owner of the bar. We owned 99% shares in the LLC & the remaining 1% owned by the other partner. There were no profits gained, after 6 mos, we decided to sell our 99% shares back to owner. The ABC LLC and X Bar remains as usual, we only sold our 99% shares, 50% to the other partner holding the 1% shares so in total she have 51% and the remaining 49% were sold to her bf. In addition, we lend them some money in order for them to continue the operation since there were no profits. But they never paid us.

We formed an LLC around October 2010. Our company, as a foreign corporation filed our tax returns last year (Jan-Dec 2010) on March 2011 attaching the LLC's K1 because we're the major shareholder.

For this year 2012, we need to file our tax return for Jan-Dec 2011. We sold our shares on March 2011, and we need to reflect those losses in our filings, but we never received K1 and we have no contact from them. We have no idea if they're filing or not. How can we reflect those losses without K1? Is it possible?

Any advise please? We only have their promissory notes and the lawyer's letter for not paying us.