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New Member
posted Jun 6, 2019 4:25:28 AM

I have invested in a LLC Partnership that had a technical termination. I reported each k-1 separately on my return. Is that all I need to do to report this transaction?

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1 Best answer
Level 13
Jun 6, 2019 4:25:30 AM

Yes.  

Except next year you will want to eliminate one of the K-1 input forms since you will only receive one K-1 in 2017 (assuming there is not another technical termination).

1 Replies
Level 13
Jun 6, 2019 4:25:30 AM

Yes.  

Except next year you will want to eliminate one of the K-1 input forms since you will only receive one K-1 in 2017 (assuming there is not another technical termination).