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wammshelley
New Member

I have a question about entering a K-1, 1120S

TurboTax says to check any that apply.  The first line says "This S corporation ended in 2016"  Is this referring to the corporation's calendar year, or is it saying the corporation literally ended.
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ThomasM
New Member

I have a question about entering a K-1, 1120S

It's referring to an S corporation which ceased operations and was closed, no longer in business.

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1 Reply
ThomasM
New Member

I have a question about entering a K-1, 1120S

It's referring to an S corporation which ceased operations and was closed, no longer in business.

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