What do i chose for my K1 partnership when, on my K1, I have “shareholder” checked? Why doesnt TT have that as an option?

Forum|Forum|7 years ago
June 3, 2019
1 reply
17 views

TT only have Limited, General or No Entry for choices. On my K1 i have Limited, General, Shareholder, and Beneficiary. Shareholder is what is checked on mine that comes to me already filled out by family farms accountant.

TurboTax Premier Online

MichaelL1

Level 15

If this is a family farm and you are personally responsible for debts incurred, you are a General Shareholder.

What do i chose for my K1 partnership when, on my K1, I have “shareholder” checked? Why doesnt TT have that as an option?

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