Well how can you throw away the K-1 statements when you're getting a few grand a year in dividends?
You mean the IRS is OK with that? You are one brave soul.
If I am paying ordinary income on the dividends they seem happy. When
I do fill out all the forms, I get a few bucks more back. They can
audit me and pay me more, their choice.
They have owed me money the last 2 times I was audited too.
You lost me. I don't see how you can claim K-1 income, along with a half dozen other entries from
the K-1, as some kind of 'estimated' ordinary income, especially when it's a few grand a year.