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m341284r3
New Member

Should I resubmit taxes to check final K-1 box?

My wife and I had a partnership which we dissolved in 2023. In January 2024, I submitted form 1065 (via TaxAct) and generated the final K-1 forms, which had the "final" box checked. I then used Turbotax to complete our individual taxes. When I entered in the K-1 information into Turbotax, I forgot to check the box that this was the final return. I already submitted our taxes last month. Should I amend my return to check this box? 

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Should I resubmit taxes to check final K-1 box?

There is no need or way to enter that these were final k-1s on your 1040 tax return. Turbotax only uses that box to asks questions on reporting the termination.

 

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