Couple divorced a couple years back.
The K-1 less than 1% BEP interest, was never split, is addressed to husband and wife, under husband's SSN.
How do you handle this to minimize a CP2000.
Husband has NOLs and Cap Losses, so is okay taking 100% of the K-1 to prevent an IRS issue...
But I'm curious how you would normally handle this, besides making the recommendation again that this thing be split and reported under each SSN for tax purposes?