K1 From a Closed Business

by Kathy
(Colorado)

Five years ago my family sold our video store business and my sister is still issuing k1's for the business. We have no sales, no building, nothing but leftover inventory (video tapes). How long can my sister legally issue K1's when we have been closed for five years. Needless to say, they complicate my tax return. Any advice or help would be appreciated.


Sincerely,

Kathy

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