Ok I bought a few share of a an LCC called blackstone BX and lost some money from it, not a lot and thought that was the end of it. Well it turns out that because this was an LCC they sent me a schedule K1 - this is when the headache started because not only do I need to file a K1 this company also had property so oh guess what now I own land for rental and need to file that, royalty yup, foreign investments, yup, etc etc about an extra like 5-10 K1s just because of a few shares. I would advice to avoid this unless you have a very good reason to invest.
Submitted April 09, 2018 at 12:47AM by greenappletree https://ift.tt/2Ewid0p
