Hey! I’m Carter, I’m a CPA and can help you out with this. The only way to not report it is to be insolvent at the time the debt was forgiven.
Just received this 1065 K1 I think i am paying taxes on 5398, why? … VANGUARD NATURAL RESOUCES 1065 K1 : Why I am paying to IRS for 0.000 income ….. sold some unit to pay their debt and now investors are paying taxes on their profit. … for previous tax years · TurboTax® CD/Download resources .
are: Vanguard Natural Resources, LLC (1161); Eagle Rock … proprietary software associated with Schedule K-1 processing and related tax services, as detailed on Exhibit A to this …… cancellation of debt income, including.
Vanguard Natural Resources And Cancellation Of Debt Income (CODI) … If with look at VNR’s FY15 10-K there are two disclosures that mention …. a link to one other excellent article: Bankruptcy and the Cancellation of Debt.
shares in Vanguard Natural Resources, a wise decision I might add, … Though it is very likely that he had cancellation of debt income per this .
1 to Vanguard Natural Resources, LLC’s Registration Statement on Form S-3 (File No. … Annual Report on Form 10-K for the fiscal year ended December 31, 2015. ….. oil and natural gas properties, future capital expenditures, future debt service ….. To avoid any cancellation or forfeiture, our board of directors may require .