Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Jan 30, 2024 10:15:32 PM

How do I tell TurboTax that I do not have K-1's for 2023? The business was discontinued/closed in 2022.

TurboTax seems to think because a K-1 was filed in 2022, that there should be a K-1 for 2023. There is not. The business/partnership was dissolved at the end of 2022.    

0 3 300
3 Replies
Expert Alumni
Jan 31, 2024 7:21:50 AM

Click on 'start' next to the K-1 entry and when the system asks if you received any K-1s click 'No'.  

 

If the problem persists go into the K-1 section and delete all of the information that carried over from the prior year.

 

@Wolverine Man 

Level 1
Jan 31, 2024 10:23:38 PM

Thanks Robert, for your response. 

TurboTax reports that the Partnership section will not be active until 2/14/2024. I will attempt your recommendations and suggestions after the section becomes active. 

WolverineMan 

 

Expert Alumni
Feb 1, 2024 1:54:19 PM

If you failed to mark the k-1 last year as final, the program will believe that you are not done. If you are using:

  • Online: see How do I view and delete forms in TTO?
  •  Desktop: If you are working in the cd/download TurboTax program:
    1. On the top right, there is a FORMS button. 
    2. Click on FORMS.
    3. Locate the form you want to delete.
    4. Click on the form name.
    5. Below the form, bottom left, select DELETE FORM button.