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My LLC partner left the business at the end of 2021 and I missed marking his Schedule K1 as 'Final'. I just realized that this year when attempting to do my 2022 taxes. How do I fix this? Do I have to amend my 2021 business taxes and resend to IRS/him or just remove him from my 2022 business taxes?
Thank you in advance.
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If you correctly reported the beginning and end-of-year partner information correctly, you do not need to amend the 2021 returns. You can delete the partner from the 2022 returns.
Thank you, Alicia. 🙂
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