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18686
March 17, 2023
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EB-5 FINAL K-1

  • March 17, 2023
  • 2 replies
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I am an EB-5 investor and received the final K-1.When I selected "This partnership ended in 2022",I confused  which one is right? 1.complete disposition  2.disposition was not via a sale 3.sold and am receiving payments

    Best answer by RobertB4444

    Then your sale price is the amount of money you received to close out the partnership this year minus the interest income.  

     

    The sale date is the date that you got that payment.

     

    The purchase date is the date that you got into the partnership.  You may have to enter an approximate date.

     

    If you have no idea what you invested in this company then put the amount of money that you received this year as your cost basis.

     

    @18686 

    2 replies

    D
    DianeW777
    March 17, 2023

    It depends. If you sold your interest or whether the partnership itself was dissolved determines your selection.  

    1. If you are receiving any payments or just one payment for the sale of a partnership you should enter that sale under Investments. Select 3. 
    2. If the partnership itself has been dissolved you should select number 1.
    3. If you exited the partnership and did not sell your share you should select 2.
    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    1
    18686Author
    March 17, 2023

    Thanks for your reply.

    I didn't find any information on my final K-1 to decide which one is right.It only shows "Final" and no "Partnership Additional info 2" .Could you please give me a hand?

     

     

    AliciaP1
    AliciaP1
    March 17, 2023

    Can you clarify if you chose to sell your investment or did the investment just cease operation?

     

    @18686 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    R
    RobertB4444Answer
    March 22, 2023

    Then your sale price is the amount of money you received to close out the partnership this year minus the interest income.  

     

    The sale date is the date that you got that payment.

     

    The purchase date is the date that you got into the partnership.  You may have to enter an approximate date.

     

    If you have no idea what you invested in this company then put the amount of money that you received this year as your cost basis.

     

    @18686 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    1
    18686Author
    March 22, 2023

    Many thanks for your help!

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