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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.    
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3 Replies
RobertB4444
Expert Alumni

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

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 

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

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 

 

AmyC
Expert Alumni

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

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. 
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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